Legal Question in Banking Law in Georgia
will the banks allow or is
there a way to limit the liability of person who holds the mortgage by putting
the mortgage in a LLC.
Asked on 1/25/17, 12:44 pm
1 Answer from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Banks are a bit too smart for that. Generally when a corporation that is essentially one person borrows money, banks will require personal guarantees, collateral, etc.
Answered on 1/25/17, 8:38 pm
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