Alphashark
Registered User
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Hello all,
A mortgage is being repaid by the mortgagee as normal, and expects to continue as normal for the term of the mortgage.
The mortgage was guaranteed by somebody who now needs to go bankrupt.
1. Will the guarantors legal responsibilities to the lender and mortgagee be wiped.
2. Will the mortgagee be detrimentally effected?
Appreciate any thoughts.
A.
A mortgage is being repaid by the mortgagee as normal, and expects to continue as normal for the term of the mortgage.
The mortgage was guaranteed by somebody who now needs to go bankrupt.
1. Will the guarantors legal responsibilities to the lender and mortgagee be wiped.
2. Will the mortgagee be detrimentally effected?
Appreciate any thoughts.
A.