What is a nonrecourse loan? Will a nonrecourse loan given by the seller of real estate to
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What is a nonrecourse loan? Will a nonrecourse loan given by the seller of real estate to the buyer increase the amount the buyer has at risk? Explain.
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A nonrecourse loan is a type of loan where the lender has no recourse against the borrower beyond the collateral securing the loan In other words if t...View the full answer
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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