Partial Sale of property or other assets

[RichInSpirit]

Selling a bit of property or your second or third house may be a solution to a lot of people's financial problems.

By paying off a portion of your debt the debt that is left over might become manageable.

Plus you keep some of your property equity.

Just putting forward this point of view.

 

[Luternau]

I dont get the point you are making;
What if there is no equity in any property?
How does one deal with selling property in neg equity?
Would the bank approve the sale?
What if the property cannot be sold?

 

[RichInSpirit]

So i think i've got a buyer for some property that is not secured to any loan.
Seriously considering selling. It would clear my arrears on mortgage and some other unsecured debt as well leaving me in a better position to service my mortgage going forward.