i have 2 secured loans on my house...the value of the house if sold only covers the morgage and...
a few grand left ..what happens to the loans ...they total about 40.000
In most cases, you will have to pay off the loans in order to sell the house. Otherwise, the lenders will not sign off on the liens and you will be unable to transfer ownership of the property to the buyer, so the sale will not go through. A possible alternative is to talk to the lenders who hold the secured loans and see if they will transfer their liens to another asset you own, such as another property.
if you want to save your house and want to go for continue the current loan than see below steps.
if you have any property which is not applied for any other loan, than you can apply for the further secure loan which is use for your bussiness.
after that your bussiness money can use for payment of all secure loan.
for further detail of secure loan just visit or contact :-galleryfinance.co.uk/secured-loans/
If you want a full cover Secured Loan Apply now at Gallery Finance. We provide loans for debt consolidation, home improvement and much more.Visit:http://www.galleryfinance.co.uk/
by Gary Anderson7 years ago
I must warn people from Australia with one Seeking Alpha article I just put out. Hope this will stand for your benefits, since I don't make any money on Seeking Alpha articles. I know some of you are from Australia.If...
by Sekharg6 years ago
I see lot of houses for sale.I heard interest rates are lowest.Is it a good idea to buy a house now?What do you think?
by beckhamdavid6 years ago
How will I get a secured loan for my debt consolidation if I have already debt from others in UK?I want to know that who can gives me a secured loans if I already takes loans from others?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.