Can you lose your house from being a guarantor?

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1228606

2026-03-11 17:55

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Yes, being a guarantor can potentially put your home at risk. If the primary borrower defaults on the loan or lease, the lender or landlord may seek repayment from you, and if you're unable to cover the debt, they could take legal action that might result in a lien on your property or foreclosure. It's important to fully understand the financial implications and risks before agreeing to be a guarantor.

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