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Albert took out a non-recourse mortgage but defaulted 5 years before the maturity of the mortgage. The house is sold for less than the remaining
Albert took out a non-recourse mortgage but defaulted 5 years before the maturity of the mortgage. The house is sold for less than the remaining balance of the mortgage in the foreclosure auction.
Other than keeping the revenue from the auction, the lender can _____ to recover the unpaid balance.
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