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Answer by MLaw
Read the loan documents. Generally non-recourse instruments must expressly state they are non-recourse.
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Thursday, March 11, 2010
Does anyone know if a home equity line of credit is a recourse or a non-recourse loan in california?
Question by eyezman1: Does anyone know if a home equity line of credit is a recourse or a non-recourse loan in california?
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i'm not in CA but i would assume that a home equity line of credit will have recourse because you are securing the loan with the equity in the house
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