The recourse and the non-recourse of a mortgage decides the extent of the lenders’ ability to collect upon default of the borrower. In a recourse mortgage the lender can collect the debt from the borrower’s unsecured personal assets and from his future income. On the other hand, in a non-recourse mortgage the lender is restricted to the secured asset. He can foreclose, repossess the house, sell and collect the proceeds. [Read more…]
RABO
Romanian Association of Building Owners
Press Releases
- The 74th Meeting of the Managing Committee of the European Property Federation took place in Romania
- A new training course organized by RABO: Fire Safety for Facilities Managers
- European Property Federation appoints Liviu Tudor as Vice-President for Eastern Europe
- RABO and BIFM continue to organize this year in Romania new training modules for Facility Management
- First facility management course completed in Bucharest by British Institute of Facilities Management and RABO Academy
Copyright © 2024 · Genesis Theme Framework by StudioPress · WordPress · Log in