are you liable to your lender

Thumbnail image for Can A Lender Pursue You After A Short Sale – Sherman Oaks Real Estate

Can A Lender Pursue You After A Short Sale – Sherman Oaks Real Estate

by Mario Acosta July 6, 2011 Sellers

Your Lender May Have Recourse

Sherman Oaks homeowners need to be aware of the different types of mortgage loans and their impact in a short-sale.

There are two types of loans in California, “recourse” and “non-recourse.”  A non-recourse loan is a loan obtained to make the initial purchase of a home, also called a “purchase money loan.”  …

Read the full article →