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Refinance recourse language in loan documents

Posted on: 26th Oct, 2009 09:56 am
where in my loans documents does it mention my loan being recourse vs. non-recourse? in the note? i have read this many times and don't see these words at all. is there any type of language i should be looking for? this is my primarily residence in california and i did refinance a couple of years ago. i refinanced into a first and a second, but have since paid off my second completely.
Hi raccoon,

If the loan documents do not mention whether or not it's a recourse loan, then you will have to contact the lender. Your lender can inform you whether or not the loan is recourse or non-recourse one.

Thanks
Posted on: 26th Oct, 2009 09:43 pm
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