Full Recourse Enforcement of Non-Recourse Loans

Two recent cases from Michigan could have far-reaching implications nationwide regarding the enforceability of non-recourse loans as fully recourse.

12 minute read March 27, 2012 at 09:39 AM
By
Paul J. Labov And Steven B. Smith
Full Recourse Enforcement of Non-Recourse Loans

Two recent cases from Michigan could have far-reaching implications nationwide regarding the enforceability of non-recourse loans as fully recourse. Indeed, if the decisions in Wells Fargo Bank, N.A. v. Cherryland Mall Limited Partnership, 2011 WL 6785393 (Mich.

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