Guarantee to a loan

P GOPALA KRISHNAN (Querist) 19 January 2014 This query is : Resolved
I would like to know whether a person holding GREEN CARD (USA) can stand guarantee to a loan as that person has a share in the ancestral property that is being mortgaged as security?

Follow Query

Report Abuse

Advocate. Arunagiri (Expert) 19 January 2014
There is no legal bar for a a green card USA holder, to sign as a guarantor.

ajay sethi (Expert) 19 January 2014
you can act as guarantor

Rajendra K Goyal (Expert) 19 January 2014
Yes, he can stand as guarantor.

R.K Nanda (Expert) 19 January 2014
yes, u can.

RAJU O.F., (Expert) 20 January 2014
Your guarantee would be accepted by bank and as a guarantor you would be personally liable for the loan availed. As a mortgagor of your share of the property, your portion of the mortgage can be enforced by the bank. If you had become guarantor, your personal properties also can be pursued by the bank through court.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now