The Soapbox

Plano Hoo

Joined: 06/15/2009 Posts: 12846
Likes: 23255


Most standard guarantees (at least the ones I have worked with) don't


deal with specific properties and valuations. They just say if the borrower defaults, you are on the hook, so that is why it was odd to me that he was giving valuations of specific properties as a guarantor. Granted, the ones I have worked on are most likely not as big or complicated as this one.

Regardless, if borrowers (or guarantors) were allowed to commit fraud with impunity, the banking system would fall apart.

(In response to this post by 111Balz)

Posted: 02/22/2024 at 5:06PM



+0

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Current Thread:
 
  
The Excessive Fines Clause traces its venerable -- JMHoo 02/22/2024 1:51PM
  Unlikely ** -- Newt 02/22/2024 4:51PM
  No ** -- WaxHoo 02/22/2024 4:02PM
  Nonsense ** -- 111Balz 02/22/2024 3:58PM
  It is when you have been found to have done it ** -- Plano Hoo 02/22/2024 4:01PM
  That’s not what happened ** -- 111Balz 02/22/2024 3:59PM
  That's different. ** -- ResistHoo 02/22/2024 2:15PM
  No worries. Dupes like you will pay ** -- WaxHoo 02/22/2024 2:14PM
  If you can't pay the fines don't do the crimeS. ** -- aint2Hokie4me 02/22/2024 2:02PM
  Trump’s net worth is estimated at $2.6B -- Hoodeac 02/22/2024 2:01PM
  "from the deals they agreed to in advance" -- Hoodafan 02/22/2024 3:51PM
  There are so many good scenes. -- TomGlansAski 02/22/2024 3:23PM
  Feeling good, Louis ** -- Plano Hoo 02/22/2024 2:41PM
  YEAH! ** -- Seattle .Hoo 02/22/2024 2:43PM
  How is this relevant? ** -- Seattle .Hoo 02/22/2024 1:58PM
  Who would buy that dump? ** -- Seattle .Hoo 02/22/2024 2:11PM
  Putin ** -- LonghornHokie 02/22/2024 3:18PM
  Vlad-a-Lardo? ** -- TomGlansAski 02/22/2024 3:24PM
  I think it looks trashy and over the top. ** -- Seattle .Hoo 02/22/2024 3:53PM
  Seems like the Magna Carta supported no cash bail ** -- WahooMatt05 02/22/2024 1:54PM

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