What is the name of your state?What is the name of your state? Georgia
I let someone use a house that I own as collateral for a personal loan. After he had repaid part of the loan, he went back, without my knowledge, and renewed the note. He borrowed additional funds above the amount renewed at the same time. I did not sign permission for him to use the property the second time. Was it legal for him to borrow more money on the property without my signing a release again?
I let someone use a house that I own as collateral for a personal loan. After he had repaid part of the loan, he went back, without my knowledge, and renewed the note. He borrowed additional funds above the amount renewed at the same time. I did not sign permission for him to use the property the second time. Was it legal for him to borrow more money on the property without my signing a release again?