Home › Forums › Closed Forums › Buying and Selling RE › Is my sister’s HELOC non-recourse? › The loan is not recourse, but
The loan is not recourse, but that will not stop collection agencies from trying to collect, nor prevent “bad” marks on credit history.
Non-recourse only means that there is not a tax bill, and no legal remedy for the lender to collect. But the debt is not forgiven.