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  • I need help
    • I have a question
    • I’m thinking of selling
    • I’m thinking of buying
    • I’m relocating there
  • Listings
  • Neighborhoods
    • Central / North Salem
    • East Salem
    • Keizer
    • South Salem
    • South Central
    • West Salem
  • Our Agents
  • Reviews
  • Blog
  • Podcasts
  • Contact

Daily Archives: April 27, 2009

When non-recourse really means…recourse.

Salem area foreclosures and short salesBy mtomsonApril 27, 20094 Comments

Non-recourse. If you are spending any time talking about real estate and loans, then you have probably heard the word recourse and non-recourse.  Here in Salem area, most home loans are non-recourse loans. What this means is that if the bank forecloses on your home, the home itself is the sole means they have for…

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