Since guaranties are important parts of most transactions, careful attention should be paid to selecting your guarantor, drafting the applicable loan document provisions and monitoring the status of your guarantor so that timely action can be taken if needed to make a claim against an estate.
January 14, 2025 at 10:03 AM
1 minute read
Most real estate loans involve guaranties of one type or another, whether in the form of a guaranty of payment of principal or interest, exceptions to the otherwise non-recourse nature of the loan (i.e., a “bad boy” guaranty) or otherwise.
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