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Loan secured by real estate
"A non-recourse mortgage is a type of loan secured by real estate, where the borrower is not personally liable for repayment beyond the value of the collateral. If the borrower defaults, the lender can seize and sell the property as collateral, but they cannot pursue the borrower's other assets or income to recover the remaining balance. This type of mortgage is often used for high-value assets, such as commercial real estate, where the lender's recourse is limited to the collateral's value".
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