House Repossession – The Facts
Are You Being Threatened With A House Repossession?
We Can Help You Stop House Repossession & Enable You to Stay in Your Home
The prospect of having your house repossessed can be a horrifying reality for many people and the temptation to ignore the situation and pretend that it is not going to happen can be overwhelming.
Taking control is the key to managing your debt and if any of the following apply to you, we can help.
If you have missed mortgage repayments, have received letters threatening eviction, if you are unable to repay the debt and you have explored every possibility with your mortgage lender to reach a compromise, then your best option may well be to sell your house fast for cash – before it gets sold for you!
Even if you have already been sent notification of a court hearing or been served an eviction notice on your house, it isn’t too late to stop your home being repossessed. By selling your house fast you are in control – you can minimize the expense involved in selling your home, and help to ensure you get the best price for your house.
Following the sale of your property, any equity, can go towards debt consolidation. Any debt secured on your property will need to be settled upon the sale of your property, but unsecured debt can be paid off at a later date. In either case your debt will be reduced. They key is to reduce your debt enough to make your debt managable.
Why It Is Better To Sell Your House Fast
If your mortgage lender repossesses your home, they’ll sell it to get their money back as quickly as possible – usually by auction. Properties sold at auction often fetch much less than their market value. To make it worse, if your house sells for less than the amount you owe your mortgage lender may continue trying to recover the debt for a long time – up to 12 years.
“A Torquay woman has criticised the system of auctioning repossessed homes after she lost out on £22,000.” – BBC Website (link to full article)
Best Wishes, John.
What are the next steps to take?
Do you need further help or advice?
If you require any further help you are welcome to speak to us anytime for free advice on home repossession or how to sell your house fast. Our service is free, independent and confidential.
You can speak to us today on: 0800 612 6581
Our expert advisors are friendly and very knowledgeable in all areas of the home repossession process and the law. They are on hand to answer any questions you may have.
Request an online Guaranteed Cash Quote
For whatever reason you wish to sell – we can guarantee to buy your property quickly within a time frame to suit your requirements.
If you would like to receive a guaranteed cash quote for your house and then simply complete the quote generator at the top right of this page. Or call us on 0800 612 6581 to speak to an advisor and get quote for your property by telephone.
We can buy your house and you move or we can buy and you then rent it back – the choice is yours.
