Jul 17, 2024
8:33:18am
8:33:18am
RE: I just talked with B of A yesterday about this and they suggested LLC /
If they'll let you, great, but typically not the case. They want the individuals on the hook and typically won't even except personal guarantees to back the LLC's mortgage.
What assets does that LLC guaranteeing the loan have, and what assurance does the lender have that those assets will remain with it?
If they'll let you do that, great, but seems very unusual.
What assets does that LLC guaranteeing the loan have, and what assurance does the lender have that those assets will remain with it?
If they'll let you do that, great, but seems very unusual.
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Yes, open an LLC. There are some one here who basically say, "there are some unique cases in which the protections of
Jul 17, 12:47am