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2. Nonrecourse debt - Wikipedia

   en.wikipedia.org/wiki/Nonrecourse_debt

   Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.

3. Deficiency judgment - Wikipedia

   en.wikipedia.org/wiki/Deficiency_judgment

   A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full. [1] The availability of a deficiency judgment depends on whether the lender has a recourse or nonrecourse loan, which is largely a matter of state law ...

4. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   A mortgage lender is an investor that lends money secured by a mortgage on real estate. In today's world, most lenders sell the loans they write on the secondary mortgage market. When they sell the mortgage, they earn revenue called Service Release Premium. Typically, the purpose of the loan is for the borrower to purchase that same real estate.

5. Hard money lending: Guide to hard money loans and lenders - AOL

   www.aol.com/finance/hard-money-lending-guide...

   Real estate investors commonly rely on hard money loans to manage multiple flip projects. Hard money loans deliver cash quickly but at a higher interest rate compared to other types of financing.

6. Commissioner v. Tufts - Wikipedia

   en.wikipedia.org/wiki/Commissioner_v._Tufts

   Commissioner v. Tufts, 461 U.S. 300 (1983), was a unanimous decision by the United States Supreme Court, which held that when a taxpayer sells or disposes of property encumbered by a nonrecourse obligation exceeding the fair market value of the property sold, the Commissioner of Internal Revenue may require him to include in the “amount realized” the outstanding amount of the obligation ...

7. Mortgage seasoning: What is it and what are the requirements?

   www.aol.com/finance/mortgage-seasoning...

   Seasoning requirements can also apply to getting a loan after bankruptcy or foreclosure, and to mortgage refinances. For mortgages, money becomes "seasoned" after it's been in an established ...

8. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...

9. A Detroit woman bought 8 fixer-upper properties in the 'most ...

   www.aol.com/finance/detroit-woman-bought-8-fixer...

   With the Arrived’s Private Credit Fund, you can invest in short-term loans that are used to fund real estate projects, such as renovations, property rehabs, or even new home construction projects.