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No they can not, it does have to be a secured ( that's the key word ) debt

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12y ago
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Q: Can a loan company apply for an order to repossess property it is not secured on?
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Do you still owe the lender if the court rejected your reaffirmation agreement?

Yes. The reaffirmation agreement allows you to continue to make payments on a secured loan and retain the secured property. The rejection of the agreement simply means the creditor can apply for relief from stay and repossess or foreclose on the property. If you have been making post-filing payments, the creditor may not bother and, in some states, under state law cannot proceed against the property.


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Depending on the credit rating of anyone applying for a home owner secured loan and the age and condition of the home in question, a person may apply for such a loan at any mortgage company or local bank.


How can one get fast secured loans?

For someone interested in fast secured loans, you can apply for one both online and offline. A few places that you can apply for a fast secured loan are ClicknLoan, Better Loan Choice, and your preferred local bank.


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