Questions tagged [loan-guarantee]
A promise by one party (the guarantor) to pay off a loan in place of the borrower; often demanded by the lender as a condition of providing a loan. Also called "co-signing".
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dealership title obligations for primary loan holder
My boyfriend thought he was co-signing for his sons car. Turns at they made him the primary loan holder but did not put him on the title.Does a car dealership have a legal obligation to put the ...
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When two promissory notes represent the same debt, which one is legally valid?
An application was completed for a FFEL guaranteed student loan consolidation including a signature on the bottom, promissory note section. The guarantee company insisted a second, computer generated ...
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UK: If brother acts as guarantor on mortgage, is he no longer classed as first time buyer?
If my brother acts as guarantor for my mortgage, but does not put his name on the house deeds, would he no longer be classed as a first-time-buyer? This is important because it makes a difference to ...
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As the borrower, can I prevent my loan guarantor/co-signer from being released from the guarantee?
Inspired by the question My co-borrower wants her name removed from a 5 year mortgage contract :
Assume I am the debtor of a loan, and someone else agreed to guarantee/co-sign the loan for me.
If ...
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My co-borrower wants her name removed from a 5 year mortgage contract
Me and my sister in law bought a house. We asked her help to acquire the loan. She signed the mortgage loan for a 5 year contract, and we got the house. Me and my wife paid all the expenses and down ...
