Real Estate Glossary

Full recourse

4 years ago

by Richard Wilson

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Written by Richard Wilson

This is a state wherein a debt obligation is owed in spite of the borrower’s financial or personal situation. With this, the lender can get a hold of whatever asset they want to satisfy the borrower’s debt. Full recourse gives the lender unlimited options for reclaiming funds.

This is a state wherein a debt obligation is owed in spite of the borrower’s financial or personal situation. With this, the lender can get a hold of whatever asset they want to satisfy the borrower’s debt. Full recourse gives the lender unlimited options for reclaiming funds.

About the author

Richard Wilson