Protect your investment with a
Secured Loan Agreement
"I nearly lost one of my rental properties to a buyer, but because I had a SLA from Setup Express I still maintain full ownership!" Roy S. Tempe - AZ
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What is a Secured Loan Agreement?
Dealing with legal issues, the law, or anything that involves things like deeds, trusts, escrow, loans, and leasing agreements, can be a very difficult topic to cope with. There can be many forms to complete as well, such as a leasing agreement if you are a renter, a power of attorney if you are need someone to sign documents on your behalf, or even a last will and testament to determine where your property goes when you die. But what about loans?
Consider a Secured Loan Agreement for Your Needs
If you are planning to lend money and there is a risk that the borrower will not be able to pay it back you should consider a Secured Loan Agreement. This agreement requires the borrower to give you a security interest in an item of value as collateral for the loan. Often, the collateral is a car or real property. If the borrower does not repay the loan as agreed then you are able to seize the collateral and sell it to help cover the unpaid amounts. If you are needing to borrow money, this kind of agreement may help convince the lender to loan you the money.
Is a Secured Loan Agreement Right for You?
Either lending or borrowing money can be a very stressful situation, especially when you don’t have confidence the money will be paid back. It might be time to consider a secured loan. Remember, in the event that the secured loan is not properly paid, the creditor just can take the property to recover their loss. At setupexpress.com you can easily prepare a Secured Loan Agreement.