What is no recourse?

In: Mortgages, Property Law, Real Estate

"No Recourse" means there is no positive legal action available. It is the lack of the right to obtain a judgment against or reimbursement from, a defaulting or opposing party.

First answer by Savemoney101. Last edit by Savemoney101. Contributor trust: 106 [recommend contributor]. Question popularity: 1 [recommend question]

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