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Real Estate Glossary

Full recourse

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Written by Luis Escobar

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.

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Luis Escobar

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