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- Recourse_debt abstract "Recourse debt is a debt that is not backed by collateral from the borrower. Also known as a recourse loan, this type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default as opposed to foreclosing on a particular property or asset as with a home loan or auto loan. Nonpayment of recourse debt allows the lender the right to collect assets or pursue legal action. While mortgages in the US are typically nonrecourse debt, a foreclosure or bankruptcy can trigger the loan to become recourse debt at the request of the lending institution.".
- Recourse_debt wikiPageID "23644546".
- Recourse_debt wikiPageRevisionID "494057920".
- Recourse_debt hasPhotoCollection Recourse_debt.
- Recourse_debt subject Category:Debt.
- Recourse_debt comment "Recourse debt is a debt that is not backed by collateral from the borrower. Also known as a recourse loan, this type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default as opposed to foreclosing on a particular property or asset as with a home loan or auto loan. Nonpayment of recourse debt allows the lender the right to collect assets or pursue legal action.".
- Recourse_debt label "Recourse debt".
- Recourse_debt sameAs m.06zq0t0.
- Recourse_debt sameAs Q7302965.
- Recourse_debt sameAs Q7302965.
- Recourse_debt wasDerivedFrom Recourse_debt?oldid=494057920.
- Recourse_debt isPrimaryTopicOf Recourse_debt.