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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] How To Get A Recourse Loan Waived? Posted by Narm on November 28, 2003 at 2:26 AM I'm helping an apartment owner who's going into foreclosure. His loan is a recourse loan. I'm doing short sales and the difference that the bank suffer from discounting the note would effect the owner so I wonder how the bank would go about collect the difference of the loan. Can be get the bank to waived the recouse line for owner once the bank accepts short sale. If so, what are the procedures. Any good advice is greatly appreciated. Follow Ups: Get a hold harmless agreement for the apartment owner... Ward-CA- 8:45 PM, 11/28/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I'm helping an apartment owner who's going into foreclosure. His loan is a recourse loan. I'm doing short sales and the difference that the bank suffer from discounting the note would effect the owner so I wonder how the bank would go about collect the difference of the loan. Can be get the bank to waived the recouse line for owner once the bank accepts short sale. If so, what are the procedures. Any good advice is greatly appreciated. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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