Posted on: 15th Dec, 2011 09:22 am
What if the landholder does not have title deeds,can it be used as collateral security?
Hello zimowa boniface,
It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
:idea:
It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
:idea:
No
Deeds are normally recorded in county records. No need to retain the original copy. If the land was correctly deeded to you AND the deed was recorded, you should be OK.
