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...Recourse Status? Does Deed in Lieu of Foreclosure Affect Recourse Status?I have purchase money loans on my (now former) primary residence in Arizona, and have relocated and decided to allow it to go into foreclosures. My loans are non-recourse.Will signing a deed in lieu of foreclosure for the bank affect the bank's right (or lack of) to collect a deficiency judgement? As it stands now the bank can foreclose and not collect a deficiency judgement, however I'm not sure if a deed in lieu of foreclosure will affect that, nor am I sure if there is any benefit of this to me.Reply With Quote