An apartment owner is trying to refinance the property, and will have to personally guarantee the mortgage. The mortgage will be assumable. If he later sells the property and the buyer assumes the mortgage, will he be relieved of his guaranty?
An apartment owner is trying to refinance the property, and will have to personally guarantee the mortgage. The mortgage will be assumable. If he later sells the property and the buyer assumes the mortgage, will he be relieved of his guaranty?