Have you come so far as to have a loan for execution? On the Internet you will find these offers lots.
Loan for execution
They usually have one important condition – you have to guarantee real estate that is being enforced. It often records real estate dealers. They buy houses very advantageously. However, if you do not know another way out, a loan for execution can help you get rid of debt once and for all. Execution loan can be taken as consolidation – you pay only one installment and all debts are paid at once.
Execution is a forced execution of an execution title. An enforceable title is an enforceable court decision, a notarial deed with the permission to enforce or a notarial deed. The executor may execute execution with deductions from wages, order the debtor’s receivable from a current account at a financial institution, sell movable and immovable assets. In the Czech Republic, execution is regulated by Act No. 120/2001 Coll. Courts, tax authorities and, since 2001, bailiffs are authorized to execute the execution.
The execution loan can be handled easily not only in person or by phone, but also on the website. You can borrow up to several million crowns. It depends on the value of the pledged property. You can repay the installments for up to twenty years. You do not pay any fees for the execution of a loan for execution, as the property is usually free of charge. To obtain a loan, you must provide proof of identity, documents to the property that you will be liable for. You do not need proof of income. You can also get a loan for execution in the form of an American mortgage with a non-bank company. As a rule, the interest rate is more favorable than for a conventional loan.
Advantages of loan for execution
- you don’t need a property estimate
- free of charge in advance
- without registry
- without proof of income
- you do not report debt to the FA and other authorities
- a third party can also guarantee
However, there are companies that charge high estimation fees, require the transfer of property to their property, or request a fee in advance. You can find verified companies on the Internet.