shall822001
New Member
- Jurisdiction
- Texas
Regarding an indemnity agreement with a surety agency. Does the indemnity agreement allows the surety agency to legally go after the borrower personal assets, like the borrower home? If so, what is usually done if the borrower do have not equity in their home? What is usually done if the borrower do not have any asset? I am trying to get a understanding of the strategy that the surety agency might go to recover those funds. Any suggestions would be greatly appreciated. Thank you!