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i have 2 secured loans on my house...the value of the house if sold only covers

  1. profile image47
    kevinsouthernposted 7 years ago

    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

  2. bethparker profile image84
    bethparkerposted 7 years ago

    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.

  3. jonywoker profile image55
    jonywokerposted 7 years ago

    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/

  4. profile image45
    robinhood143posted 6 years ago

    https://usercontent1.hubstatic.com/5202414_f260.jpg

    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/

 
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