Tag Archives: non-recourse

Should Non-Recourse Mortgages Exist?

The blog, Credit Slips, recently featured a post by Adam Levitin about whether mortgages should ever be non-recourse. I agree wholeheartedly with Mr. Levitin’s post. I’d also like to add that the current mess that we have found ourselves in … Continue reading

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Is Minnesota a Recourse State?

When a homeowner is worried that they might lose their house to foreclosure, they are usually also worried about whether their state is a “recourse” or “non-recourse” state. In a non-recourse state, if the funds from the sale of the … Continue reading

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