Legal Question in Real Estate Law in Florida
how do i get out of being the Guarantor on a mortgage loan?
Asked on 9/13/10, 4:41 pm
1 Answer from Attorneys
Without the lenders consent you can't, and they are unlikely to do so. Now the borrower can get a new mortgage to pay off the old, then you will no longer be liable if you don't guarantee the new mortgage.
Answered on 9/18/10, 7:53 pm
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