You Lose More Than Your Home When You Get Repossessed!
In the present economic climate repossessions are a hard fact of life!
When you get repossessed your name is put on the “Possessions Register” which will make it difficult if not impossible to get loans or another mortgage in the future.
You will have to move out of your home (it could be possible to sell your house to us and then rent it back) away from friends, family and familiar surroundings.
Selling now to a buyer who can move fast can stop a repossession no matter what stage it has reached.
The Court Process:
- A summons for possession will be issued, this gives the date and time when the case will be heard by the court.
- A court hearing, although courts don’t always issue a possession order, it is likely unless you can should how you will be able to pay off the debt, this usually give you 2 months to move out.
- A bailiffs warrant is issued, this allows a court bailiff to remove you, by force if necessary. from your home 14 days after the warrant is issued. At this stage only full payment of all the mortgage arrears and sometimes the whole of the mortgage loan will stop the process.
We can help stop repossessions at any stage. When you agree to sell to a cash buyer, like us, you can get a stay of repossession from the court. We could even come with you to court and prove a sale has been agreed. We could then complete in 28 days allowing you to get on with your life in peace. We can stop you getting repossessed, even on the day you are due to be repossessed, even if you don’t have any equity in your property.