Florida  |  Real Estate Law

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1/26/10, 12:32 pm

Legal Question


I have a small company that purchased a small office 7 years ago. the land and building are deeded in the company name and i signed as president and also as personal garantor. due to the current economy, we can no longer afford the office and the note balance is now due. if i allow the bank to forclose on the property, am i going to be responsible for any costs?

i really don't know if this is a real estate or banking law question


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