Sunday, February 21, 2010

Can northen rock take a share of a house even in an unsecured loan?

I only own part of the premises,less than half,along with other people.Can northen rock take a share of a house even in an unsecured loan?
If anyone used their share of the property as collateral for a loan then the lender has a right to go after the property.





Also, if a lender gets a court judgment against someone they can put a lien on the property that will ensure they are paid in the event of a sale.

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