In this interesting and informative video, Fredrick P. Niemann, Esq., a New Jersey Contract Law Attorney discusses the legal obligations and risks to a co-signor to a loan and what factor should be considered before signing as a guarantor to a loan.
Mr. Niemann clearly explains that co-signors and guarantors of Contracts are liable for any default by the borrower and discusses that co-signing a loan can be limited by law and legal liability avoided, if appropriately worded in the loan document.
Mr. Niemann invites the viewers to reach out to him at fniemann@hnlawfirm.com or call toll free at (855) 376-5291.
By Fredrick P. Niemann, Esq., a NJ Contract Law Attorney