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 ...

You are considered personally liable with recourse loans if you default. Mortgages and auto loans are often recourse loans, though this may differ between lenders. Lenders may seize personal assets ...

With recourse factoring, you're responsible for the debt if your customers don’t pay. With non-recourse factoring, the factoring company accepts the loss for nonpayment. Factoring is a way for ...

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, ...

Ken Clark has co-managed over $100 million in retirement accounts and is the author of The Complete Idiot's Guide to Getting Out of Debt. Vikki Velasquez is a researcher and writer who has managed, ...

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, ...

In this challenging and rapidly changing environment, real estate players are dealing with the effects of COVID-19 on real property operations in real time. As they make decisions at an accelerated ...

Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Thomas J Catalano is a CFP and Registered ...