Alberta Guarantee of Mortgage

Obtain a guarantee for repayment of a mortgage loan with this Guarantee of Mortgage package for the Province of Alberta.

• The guarantee is an unconditional guarantee from the guarantor to repay the principal, interest and all other sums owing by the mortgagor under the mortgage.
• The guarantor's liability will be for all purposes as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
• The package also includes corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.

Alberta mortgage lenders can ensure they have legal recourse against the principals of a defaulting corporate mortgagor with this package of Guarantee of Mortgage forms.