Sometimes you need extra funds to buy the property of your choice and you need private funding in addition to the regular mortgage from the bank. At other times you simply need the private funding only for purchase of the property. In some situations you may need to put second mortgage on the property to arrange funds for renovation of the property or consolidate the credit card or high interest loans or for the education of your loved ones. In those situations you may need the private mortgages. The lawyer may guide you to the fair terms and conditions of the mortgage and also do the proper paperwork to close the deal.

In some situations there may be default in payment of the loan and the mortgage is enforced by way of power of sale. In those situations also the lawyer may save you from unnecessary interests, penalties and expenses and also negotiate to save your property.

If you are private lender the lawyer may enforce the Power of Sale proceedings to recover your debt.