[happyopossum]

> 12 states are non-recourse, including CA and TX.

This wording makes it sound like mortgages are required to be non-recourse loans in the 12 states, but that's not the case. 12 states allow non-recourse loans, however they are not common for mortgages, with many lenders not even offering them.

[dmoy]

IIRC this is incorrect, at least for WA and CA. They only allow non recourse loans at least for purchase mortgages.

[sddsdd]

Primary home mortgages are all non-recourse in CA. Texas is similar. The exceptions are things like cash out refis, second mortgages, fraud.