While you may be a helping a friend or relative by becoming a loan guarantor, any default by the primary borrower may land you in trouble with serious financial consequences. By signing as a guarantor ...
In In Re: Bay Circle Properties, LLC., No. 1812536, 2020 WL 1696303 (Ala. April 8, 2020), the Eleventh Circuit dismissed an appeal by a guarantor alleging a wrongful foreclosure, because the guarantor ...
When a bank says your loan needs “one more name”, it often sounds like a minor formality. A family member, a spouse or a ...
In a perfect world, everyone would meet lenders' requirements when applying for a mortgage. In reality, many applicants have a minor blemish on their credit record that may disqualify them from the ...
A personal guarantee is a financial noose that the guarantor puts their entire financial life into, and then waits to see if the trapdoor springs open. Some 30 years or so ago, I was in a trial in ...
This week in our playbook, we are talking about guarantor and affiliate financial statements. First, the bad news: As a general rule, all guarantors must present the same audited and unaudited ...
There are a number of different reasons why a rental application might be denied. If you know that your application will be rejected, you should consider finding someone to be a guarantor. A guarantor ...
A lease guarantor is a third party—often a young renter’s parents or other relative— who will sign a lease and agree to take on the financial obligations of the renter should she or he fail to meet ...
Personal loans are unsecured loans that can be used for various purposes, such as medical expenses or travel. However, many ...
There are a number of different reasons why a rental application might be denied. If you know that your application will be rejected, you should consider finding someone to be a guarantor. A guarantor ...
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