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Updated almost 14 years ago,

User Stats

45
Posts
0
Votes
Brian Essex
  • Investor
  • San Diego, CA
0
Votes |
45
Posts

lender recourse if condemned?

Brian Essex
  • Investor
  • San Diego, CA
Posted

Does anyone know if a lender has the right to recourse if the home suffered from a natural disaster (flooding) and is now condemned? My investment property can be short sold for only the value of the land and this will result in a 100K loss, I wanted to know if there is any protection from lender recourse due to the flooding and present condition of the property.

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