I am currently a home owner with 3 of my family members. We decided a few years ago to re-mortgage our house and do some renovations and pay off some debts. We ended up taking $50 000. I applied for a loan but the financial company told me they would have to put a lien on our house. I am worried that if I do this I may not be able to sell the house and that the other three parties involved may end up being screwed because of me. They company I want to borrow from told me that it would be no problem at all , if I ever wanted to sell they would only take the profit from my portion of the house sale. Is this true.

I don't know what to do as I am struggling to pay off my debts? Should I just go the one of those debt companies and hand in all y credit cards and pay them a monthly fee until I pay it all off ? SOME ONE PLEASE HELP?

That's what a lien is. It states that the property subject to the lien cannot be sold until the lien is satsified. Generally this means the entity holding the lien shows up at the closing and gets a check from the proceeds of the sale. The only problem would arise if the proceeds were less than you owe.