Secured loans,such as for most mortgages,in which the lenders may not go after other assets if the foreclosed asset brings an insufficient amount to cover the outstanding debt when sold at auction are referred to as

Question

Secured loans,such as for most mortgages,in which the lenders may not go after other assets if the foreclosed asset brings an insufficient amount to cover the outstanding debt when sold at auction are referred to as​

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Secured loans where lenders cannot go after other assets if the foreclosed asset brings an insufficient amount to cover the outstanding debt when sold at auction are referred to as nonrecourse loans.

Secured Loans,such as for Most Mortgages,in Which the Lenders May