Legal Question in Banking Law in Georgia

will the banks allow or is

there a way to limit the liability of person who holds the mortgage by putting

the mortgage in a LLC.


Asked on 1/25/17, 12:44 pm

1 Answer from Attorneys

Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Banks are a bit too smart for that. Generally when a corporation that is essentially one person borrows money, banks will require personal guarantees, collateral, etc.

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Answered on 1/25/17, 8:38 pm


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