Mortgages and auto loans are often recourse loans, though this may differ between lenders. Lenders may seize personal assets not listed in the loan agreement in addition to any collateral.

1. Peace of mind for you and your partners A non-recourse loan relies on collateral-like machinery or equipment - to secure debt, so if things don't go as planned, the lender can seize the ...

And unlike some types of debt, mortgages are typically recourse debts, meaning you’re personally liable for the loan. That loan may harm you if you foreclose and the lender decides to come after ...

Another lender has filed a lawsuit against’ Sean Kia and Ryan Andrade for breaching recourse guarantees on two Texas loans.