By Joseph G. Ballstaedt 801-365-1021 [email protected] In Utah, trust deeds are often used to secure loans, ranging from loans for homebuyers to loans for general contractors used to finance real estate developments. The real property identified in the trust deed acts as collateral. If the debtor fails to pay, the lender can sell the property Read More
By Joseph G. Ballstaedt 801-365-1021 [email protected] What is a personal guaranty? A personal guaranty is a legally binding promise that a person will fulfill the financial responsibilities of another. They are generally used to protect lenders or other types of creditors. For example, many lenders require small business owners to sign a personal guaranty as Read More
If your business extends credit to customers or if you are considering starting to extend credit to your customers, there are a few simple things you can do help with your ability to collect the money owed to you on your credit accounts. 1) Get it in Writing. Ideally you will have every customer that Read More
