In North Carolina a Guarantor can Invoke Defenses to a Deficiency Judgment

Branch Banking and Trust Company v. Hui S. Smith et al. The defendant Mounib Aoun executed a guaranty in the amount of $418,750.00 (plus interest, costs, and fees) for a loan Garrett Enterprises, LLC, secured by real estate of the LLC. In 2012, the loan was in default, owing over $1.4 million, and BB&T foreclosed, […]

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