Repossession Time Bomb
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by: devanuva
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Rapid Home Solutions can help you avoid repossession by buying your house fast for cash. Before you take up this option you should explore other options to get back on track with your mortgage payments and stop repossession. You can look at cutting back expenditure, renting out a room in your house or taking on an extra job.
If these aren’t an option you can seek specialist advice from Shelter, the Citizens Advice Bureau (CAB) or the Consumer Credit Counselling service.
The most important advice we can give you is to keep talking to your lender. Don’t ignore the issue but face it head on. Gordon Brown recently strengthened the ‘pre-action protocol’ which states that lenders must explore every avenue in assisting homeowners to avoid repossession. The lender is duty bound to help you and being open and honest when discussing your circumstances. This hopefully will help stop repossession proceedings. A lender may agree to give you time to sell your home.
Rapid Home Solutions have been able to help people by making them a cash offer for their house with a guaranteed quick sale. We guide them through the quick property sales process, as well as recommending an experienced specialist solicitor who will deal directly with the lender, ensuring they have all the information they need to satisfy them that the sale is proceeding and that court action is not required.
If the Lender does take you to court there is a wealth of free information available to you that may be able to help you avoid repossession. The following three points are particularly relevant:
• The court hearing has to be at least 28 days from when you receive the summons.
• Always go to court and fight your corner as the judge has the power to give you more time.
• If you make an offer to pay the regular mortgage payments as well as contributing towards the outstanding arrears, the judge may issue a suspended possession order. This not only stops the house repossession process giving you an opportunity to catch up with your arrears, but also affords you more time to look at different options.
If you do decide that repossession is unavoidable and you have explored all options then you can contact us. We can buy your house fast because we buy houses for cash. In around 4 weeks or so we can buy you property quickly paying off your mortgage. We can stop repossession and our expert team is here to help.
‘The opinions expressed in all news articles are those of Rapid Home Solutions. The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.’
About the Author
The opinions expressed in all news articles are those of Rapid Home Solutions Ltd. The material is for general information only and does not constitute investment, tax, legal or any other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation. To know more about their services visit at http://www.rapidhomesolutions.co.uk
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