Over the last couple of years, we have seen a record-high increase in the number of repossessions all across the country. The sluggish economy has made an unprecedented increase in unemployment, which has been compounded by rising costs of living and high house prices. Many people are now living at the edge, and can fall into a spiral of debt and repossession - any time. With just one wrong decision, you can suddenly become homeless.
If you are finding a hard time keeping up with your financial obligations, particularly mortgage repayments, you must decide to face the problem immediately. LENDERS NEVER TAKE REPOSSESSION LIGHTLY so it is important that you act as soon as if you don't want to lose your home. Call us now of complete the form as we can help you now!
YOU HAVE OPTIONS.
Once you realize the threat of repossession, stop the blame game, accept the fact and start solving the problem at hand. It may not be your fault why you are facing this financial dilemma. You also need to understand that eviction is not shameful - there are hundreds, even thousands, of other people who are like you facing the same situation, some who we have already helped. It gives a certain degree of solace to know that you are not alone.
HOW DO YOU THINK REPOSSESSION WILL CHANGE YOUR LIFE?
When your property gets repossessed, you are added into the Possessions Register - something you certainly do not want. Once you've got listed into the Register, major credit agencies, lending institutions and banks will be notified, thus adversely affecting your credit rating. Few lending institutions would want to lend you money and you may never be qualified for a new loan. Also if they repossess your property and sell it at auction below the outstanding mortgage amount, they can still pursue you for the balance. Most importantly, you will have to move out of your home and look for a new place. Considering all the hassles and discomforts of moving-out and moving-in, plus the looming increase in housing rates, YOUR ULTIMATE GOAL SHOULD BE TO STOP REPOSSESSION.
WE'VE GOT SOLUTIONS!
Repossession takes a lengthy legal process and is not often executed immediately; it can take nine months to a couple of years a while after you default on payment before lenders actually evict you from your home. This gives you plenty of time to look for a solution, but don't delay, when you can act now.
Repossession has five stages:
Stage 1: Mortgage company alerts you about late payments.
Stage 2: Solicitor sends you formal letter about defaults in payment.
Stage 3: Lender starts repossession proceedings in the local County Court.
Stage 4: The Court renders a decision either to grant Possession Order or Suspended Possession Order. If the Court releases a Possession Order, you are given 28 days to leave your house or comply with repayment conditions.
Stage 5: The Court sends you a Bailiff's Eviction Notice which means you need to vacate the property immediately or else you could be forcibly evicted from your home.
The good news is that there is a way to stop repossession and we can help you. It's all up to you.
WE WANT TO HELP YOU.
The best way to evade from repossession and lifetime of financial repercussions is to sell your property to one of our cash buyers. If appearing to court becomes necessary, your cash buyer can go with you to the court hearing and testify that the property has indeed been transferred or sold. It can take as little as 3 days 28 days before a sale can be complete. So even if you have been served with eviction notice, we can still stop repossession. Moreover, it does not matter whether the property has equity in it or not.
Regardless of your circumstances, our experts in Mortgage Repossession Law can help you get through this stressful financial situation. We understand how difficult it is for you to lose your home. Rest assured that we will be beside you to guide you through every step of the way. Our commitment is to stop repossession right away whatever financial circumstance you are facing. Feel free to call us to get a free assessment.
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