Repossession is a stressful and devastating process where you can lose more than just your home.
If you do not stop repossession, you are losing the home that you’ve worked so hard to maintain. In addition to losing your beloved home, your credit rating goes down the drain. Once your house is repossessed, your name will be put on the Repossession Registry and you will be reported to all of the credit agencies. As a result, finding another mortgage will be incredibly difficult. If you do find a mortgage for another house, your interest rate will be abnormally high. You can also be pursued by your old mortgage company for up to 12 years for any shortfall that arises after selling your property! For all these reasons, it is vital that you do everything you possibly can to stop your house from being repossessed.
The process of repossession is arduous. It involves court hearings which are never fun. You may even be forcibly removed from your home.
The Process of Repossession:
On the hearing date several things could happen. Typically, you are given a repossession order. You usually have up to 2 months to leave your home.
After about 2 months, you are given a 14-day notice after which the bailiff can forcibly remove you from your home. This can only be stopped if you are able to pay the arrears right there. Sometimes you have to pay the full balance of the mortgage.
How to Stop Repossession? Fortunately, there is a way out. We can help you stop repossession at any time, therefore, saving you from losing your home. By selling your property to a cash buyer, you can avoid repossession and all problems associated with it. If it is necessary, your cash buyer can produce evidence to the court about the sale in order to stop the repossession process.
We can have the house bought and cash in your hand within a few days. We can even help you if you have little or no equity in your property.
Stop repossession and save your credit today. Call us for friendly chat or fill out the no-obligation online form NOW!