Repossession Stoppers
The UK's leading house repossession specialists

Impartial house repossession & sales advice

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 for a fair pricebefore 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 home yourself you are in control – you can minimize the expense involved in selling your home, and be able help to ensure you get the best price for your house when it sells.

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 Quickly Yourself?

If your mortgage lender repossesses your home, they’ll sell it to get their money back as quickly as possible – usually by property auction. Properties sold at auction often fetch much less than their real 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 a staggering 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)

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