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C. Darrell Sooy

Posts by C. Darrell Sooy

When is a bad act, which triggers recourse on a mortgage loan, a good act for the lender?

Posted in Real Estate Development, Secured Lending and Finance

Borrowers and guarantors often ask mortgage lenders to not seek personal judgments against them and only look to the real property and other collateral for repayment of their loan in case of default.  If granted, the loans are commonly called “non-recourse” loans.  However, if even a lender grants such non-recourse, it will want certain exceptions… Continue Reading