Learn how recourse and non-recourse loans differ, their benefits and risks, and impact on your financial choices.

In borrowing, there are two types of debts, recourse and nonrecourse. Recourse debt holds the person borrowing money personally liable for the debt. If you default on a recourse loan, the lender will ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Moment Makers ...

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. By securing a non-recourse loan, the lender won’t have the ...

The coming banking crisis, and suggestions of an incoming bust in commercial real estate, has given rise to some questions about recourse versus non-recourse debt and what impact the differences in ...

In the world of multifamily financing, a non-recourse loan is considered to be the gold standard for acquisition financing because they are considered to be less risky for the borrower. Typically, ...

Few companies thrive and grow without some kind of outside financing. Acquiring assets, launching projects, expanding into new locations or business sectors -- these all take capital, and lots of it.

Promissory notes are used in a variety of transactions and can be used by small business owners to fund business activities. If your lender requires you to sign the promissory note in your own name, ...

Benedetta Zocchi volunteers at PRAXIS for Migrants and Refugees and is completing her PhD at Queen Mary University of London The condition of “no recourse to public funds” is one of the least known ...