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Loan types:

Real Estate Loans 

Business loans

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Bond surety loans

Hard money loans

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Jargon used in these sites

 

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Bond Surety Loans

In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company providing this promise is also known as a "surety" or as a "guarantor".

A surety most typically requires a guarantor when the ability of the primary obligor or principal to perform its obligations to the obligee (counterparty) under a contract is in question, or when there is some public or private interest which requires protection from the consequences of the principal's default or delinquency. In most common-law jurisdictions, a contract of suretyship is only enforceable if recorded in writing and signed by the surety and by the principal.

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