[WSBARP] Residential Purchase/Construction: Deed of Trust- Nonrecourse vs. Recourse

Oscar Yang Esq. oscar.yang at esberrylaw.com
Mon Sep 15 13:27:15 PDT 2014


Hello Listmates, 
  
To my knowledge, the first Deeds of Trusts in WA for the purchase of
residential property are non-recourse loans while subsequent Deeds of
Trust are recourse ones.  Have you ever encountered or seen any exceptions
in your practice?    
  
Also, what about your primary/first Construction Deed of Trust? Does that
become regarded as a subsequent Deed of Trust (thus a recourse loan)? 
  
Best regards, 
Oscar Yang, Esq. (WA/NY) 
Es Berry Law PC 
2155 112th Ave NE 
Bellevue, WA 98004 

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