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dijon123
Guest
Hello,
I invested in land some years ago and now my debts significantly exceed my assets. I am in the throes of renegotiating with the funders but am concerned they are on the verge of "calling in" the loan.
Whilst the land was the sole "security" for the borrowings I am concerned that the funders will pursue me for whatever other assets that I have - primarily the family home, a small 3-bed semi D in the suburbs.
Can anyone offer advice/ guide me to lierature or another thread that might explain what a funder can/ cannot do regarding seizure of a family home.
Any advice is much appreciated - Thank you.
I invested in land some years ago and now my debts significantly exceed my assets. I am in the throes of renegotiating with the funders but am concerned they are on the verge of "calling in" the loan.
Whilst the land was the sole "security" for the borrowings I am concerned that the funders will pursue me for whatever other assets that I have - primarily the family home, a small 3-bed semi D in the suburbs.
Can anyone offer advice/ guide me to lierature or another thread that might explain what a funder can/ cannot do regarding seizure of a family home.
Any advice is much appreciated - Thank you.
