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Im needing legal advice on loan regarding a letter of
Im needing legal advice on loan regarding a letter of demamd, the loan as a guarantor , needing information in regards ***** ***** guarantors rights … read more
John Melis
John Melis
Lawyer
Bachelor's Degree
11,809 satisfied customers
Needing advice on legal position of guarantor on loan that
Needing advice on legal position of guarantor on loan that is in arrears and have recieved letter of demand. Loan was originally for purchase of a business (petrol station caltex)for myself (Geanne) a… read more
John Melis
John Melis
Lawyer
Bachelor's Degree
11,809 satisfied customers
If a guarantor agrees to limited security of there home for
If a guarantor agrees to limited security of there home for a mortgage for their child and they wish to be removed as guarantor. If the child is not in default, (but under duress due to the fathers ga… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I signed document to be guarantor for my grand daughter to
I signed document to be guarantor for my grand daughter to purchase car , I go to hospital for 3 months and find out that the car yard has put the loan in my company name instead of grand daughters na… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
My son and wife have purchased a house and are using a
My son and wife have purchased a house and are using a broker. My husband and I are guarantors for the loan. We advised the broker that we are already guarantor for our other son at our first meeting.… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I used my property to guarantee my partner"s mortgage and
i used my property to guarantee my partner"s mortgage and the bank then set up 2 new mortgages with both our names on them. we have subsequently separated and have to restructure the loans to have the… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
Bank sought private guarantees for a client with whom they
bank sought private guarantees for a client with whom they had acted deceitfully in cashing company cheques in Newry … read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I am one of two Directors of an Australian Pty Ltd Company.
I am one of two Directors of an Australian Pty Ltd Company. We are intending to take out an Asset based loan secured against a second mortgage on my other Directors home. His home has been valued and … read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
My husband and I have purchased a new home, the old one was
My husband and I have purchased a new home, the old one was security for my husbands' business loan and we now have the mortgage documents to sign for our new property. As the business loan was taken … read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
Curly One. A company borrowed 1 million dollars, it was guaranteed
Curly One. A company borrowed 1 million dollars, it was guaranteed by a third party. The company could not pay the debt so the Bank called in the guarantor. This went before the supreme court and lost… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
Again Leon, Situation: There is a First Mortgage claimed
Hi Again Leon, Situation: There is a First Mortgage claimed on a Unit for a loan of $80 000, the loan has always been $10g in front and never missed a payment. The same bank has used the equity in the… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
My husband and I are Joint Tenants of what was our family home.
My husband and I are Joint Tenants of what was our family home. (NSW) We originally had equal shares in the fully owned unit. Some years ago we signed an agreement for a $160,000 line of credit. There… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I have been appointed as executor of my mother's Will. Approximately
I have been appointed as executor of my mother's Will. Approximately 5 years ago my mother became guarantor of a loan for me in order for me consolidate debt, as there was not enough equity on my home… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I run a small business that is owned by two companies, I am
I run a small business that is owned by two companies, I am director of one company and my business partner is director of the other company. When we took out a business loan, I was the only one that … read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I have a holiday house.50% owned by me and 50% owned by an
I have a holiday house.50% owned by me and 50% owned by an ex mate.He want's to sell and I don't.I can't buy his 50% out.Can he force a sale?Can I stop a sale taking place?If he can force a sale do I … read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
Does a bank need to notify all guarantors of a loan when they are cons
Does a bank need to notify all guarantors of a loan when they are considering taking possession of the security to that loan. When a bank approves a loan subject to specific conditions itemised on the… read more
Brisbane-Lawyer
Brisbane-Lawyer
Lawyer & Solicitor
Master
14,357 satisfied customers
My name is XXXXX XXXXX my situation is this: I divorced
My name is XXXXX XXXXX my situation is this: I divorced my first husband in 2006 with no legal settlement but a verbal agreement of division of debts. We have 2 loans (they are home loans used to cons… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers
I signed a legal document as guarantor, the document had its
I signed a legal document as guarantor, the document had it's company details to another business without my knowledge & I am now being held liable for a cost of $50k for something that I did not sign… read more
Leon
Leon
Solicitor
Master's Degree
30,882 satisfied customers

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Daniel

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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