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For and in CONSIDERATION of the Sum of Ten and No1OO Dollars $10 Form

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For and in CONSIDERATION of the Sum of Ten and No1OO Dollars $10 Form

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real estate transactions can be very complex with a lot of legal terms that can be very confusing two terms that often come up in these transactions are guarantee and indemnity a guarantee is a promise to take responsibility for someone else's debts or obligations that they can't fulfill them and indemnity on the other hand is a promise to compensate someone for any losses or damages that they may have suffered as a result of a certain event or action in the context of real estate transactions a guarantee is often used when a buyer is unable to obtain financing on their own for example a third-party guarantor will step in and promise to pay off the buyer's mortgage if they default on their payments and indemnity on the other hand is typically used to protect against specific risks or liabilities that may arise during a real estate transaction for example a seller may provide an Indemnity to a buyer to protect them against any hidden defects in the property that

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