petercollins
Junior Member
What is the name of your state? ohio.
I own a business with property and it is very hard for me to pay mortgage from the business income. I was thinking of doing foreclosure. I have SBA baacked loan with 75% gurantee. I have signed a personal gurantee but I do not have much assets. If I foreclose on the property what are the consequences I would have to face? Please let me know. Thank you.
I own a business with property and it is very hard for me to pay mortgage from the business income. I was thinking of doing foreclosure. I have SBA baacked loan with 75% gurantee. I have signed a personal gurantee but I do not have much assets. If I foreclose on the property what are the consequences I would have to face? Please let me know. Thank you.