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<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>Trulia Voices: How can I find out if my current loan is a "Non-Recourse" or a "Recourse" loan?</title><link>http://www.trulia.com/voices/Foreclosure/How_can_I_find_out_if_my_current_loan_is_a_Non_Re-55652</link><description>I did Refi after 8 months from original purchase to get my tax impounds rolled into my  monthly payments, and I did take about $4k of equity out of the house to payoff another signature loan. I looked at my "Note" and did see that I could be liable for lawyers fee's if the lender has to go through foreclosure process. However didn't really see if I would be liable for the difference from overall loan amount to what they'll be able to sale it for during the Sheriff's Auction.  I know that I will get a 1099-C according to the customer service department with my lender on any route I go; "Short Sale", "Deed in Lieu", and "Foreclosure". What is the likely-hood that they lenders would persue me further for repayment of the difference if it is beyond 80K.</description><language>en-us</language><item><title>Answer by Diana Wainwright</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-Copperopolis_CA-321996/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-Copperopolis_CA-321996/</guid><description>I see you submitted your question back in September, so this may be after the fact, but is this your primary residence?</description><pubDate>Wed, 24 Jun 2009 07:42:07 -0700</pubDate></item><item><title>Answer by David</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-La_Jolla_CA-194318/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-La_Jolla_CA-194318/</guid><description>Very likley. You will get a 1099 unless Uncle Sam does something.</description><pubDate>Mon, 01 Sep 2008 10:36:12 -0700</pubDate></item></channel></rss>
