Title loans are legal sources of cash for the various types of properties which are not yet mortgaged. But the lender is very reluctant to give money on the property without an assurance that you will repay it and you also need to show that the value of the title deed is more than the cost of the loan. See http://www.thedempseys.net/2019/12/14/some-tips-that-can-help-you-to-save-cash-before-payday/ for a write-up
What is a title loan?
Title loans are the amount of cash that you require to buy the property and to pay your payments on the same. It may be less than the actual value of the property but a title loan is still a real loan and you need to pay it back to the lender.
Lenders offer a title loan
Title loans are available for just about any kind of property. The borrower can buy a second hand vehicle for example, or an apartment, or even a house. There are many lenders who offer these types of loans. The loans have some simple requirements to meet, but they have the same rates of interest as most other loans and the terms are also quite similar.
What is the title loan?
The first thing that you have to do is to go online and find a lender who has the same type of loan that you are looking for. Once you have found one, make a search for the lender’s home page. If there is no home page, you can use Google’s “Yahoo” search engine to find the information. Once you find the lender, the next step is to get a copy of the title certificate. The home page of the lender will usually display all the details about the property as well as the name of the owner and the number of people who have the ownership of the title deed.