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Do the co-owners sign a loan?

April 26, 2017co-owners loan

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Do the co-owners sign a loan?

1 Answer

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10 Posted

If there is recourse (loan based upon financial strength of the co-owners), the co-owners sign a loan only for their pro rata share. Typically, the loans are non-recourse (secured by the real estate) and do not require the co-owners to sign the loan.