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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. What Is a Non-Recourse Loan? - AOL

   www.aol.com/non-recourse-loan-150142154.html

   A non-recourse loan is a type of debt that’s secured by collateral, such as an individual’s car, house or another typically illiquid asset. Consult with a local financial advisor today. How ...

4. Deficiency judgment - Wikipedia

   en.wikipedia.org/wiki/Deficiency_judgment

   [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. In some jurisdictions, the original loan(s) obtained to purchase property is/are non-recourse, but subsequent refinancing of a first mortgage and/or acquisition of a 2nd (3rd, etc.) are recourse ...

5. Usury - Wikipedia

   en.wikipedia.org/wiki/Usury

   A non-recourse loan is secured by the value of property (usually real estate) owned by the debtor. However, unlike other loans, which oblige the debtor to repay the amount borrowed, a non-recourse loan is fully satisfied merely by the transfer of the property to the creditor, even if the property has declined in value and is worth less than the ...

6. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Interest: Interest may be fixed for the life of the loan or variable, and change at certain pre-defined periods; the interest rate can also, of course, be higher or lower. Term: Mortgage loans generally have a maximum term, that is, the number of years after which an amortizing loan will be repaid.

7. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   In some jurisdictions, first mortgages are non-recourse loans, but second and subsequent ones are recourse loans. Specific procedures for foreclosure and sale of the mortgaged property almost always apply, and may be tightly regulated by the relevant government.

8. What are non-conforming loans? - AOL

   www.aol.com/finance/non-conforming-loans...

   Interest-only loans: Interest-only loans are non-conforming because they aren’t structured like conforming loans, which require you to repay both principal and interest as the loan amortizes ...

9. Project finance - Wikipedia

   en.wikipedia.org/wiki/Project_finance

   They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling; [1] see Project finance model. The financing is typically secured by all of the project ...