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Co-borrower / joint liability
With joint liability, a third party is legally responsible for the mortgage debt.
A co-borrower is legally connected to the mortgage debt. The lender can claim payment from this person as well as from the main borrower. This is more than moral support; it is a real financial liability and should be considered carefully.
Useful link:
Category:
Legal & Securities
Tags:
aansprakelijkheid, zekerheid, juridisch
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