This guarantor, who may be an individual or another entity, will be responsible for the difference between what is owed to the lender to make them whole and what has been recovered.If the lender makes the loan to an individual (natural person), this person is implicitly the guarantor via the note, and no separate guarantee is needed.

@Peter Mckernan makes some good points in his response.

I think these bigger cabins are getting sucked up by the normal demand and with the lack of new builds coming online. 

We are hoping to avoid doing any sort of partnership and maintain a single member LLC, but searching online hasn't been fruitful.

I think so many of these responses are based on made up hypothetical’s and not real life, I don’t think the vast majority of people are out to marry someone only for money & I certainly don’t think you want to get married assuming divorce but in the real world life is long people can be married for decades and something can change people can grow apart, you can even have a contentious divorce where getting the money becomes as much about hurting the other person as getting the money itself, I don’t think there should be any shame in making that even in a good marriage that if you grow apart you don’t put yourself in financial jeopardy.

Look forward to youre response.    

You have to be responsible to get up every day and focus on your own goals. 

A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.

Thanks for the responses.  

Online DirectoriesPerforming online searches is quite a bit easier than going to the county clerk or recorder’s office, but you certainly won’t be the first to find out about a pending bank foreclosure.