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I was referring to an example where the mortgagee tried to take possession of a property and the non defaulting guarantor objected. Regardless best a place to avoid.

It's a question for the magistrate when it goes tits up and their interpretation is not certain.

I agree with Rolf...because they can't sell half a house the product CBA offers is a marketing exercise and as each party guarantees the other you are each liable for the whole amount. No matter how you cut it. Why go to trouble of guarantees and legal advice and 2 sets of fees etc. You'd be...