A taxi driver, father of five, faces repossession in West Belfast

BBC has published a real story of a homeowner in West Belfast. The man is facing repossession; he is a father of five and his house is going to be repossessed in next 3 to 4 weeks. He has gone through divorce and not in a position to work due to his health problems. He has many other loans apart from the mortgage. Earlier, when the market was in good condition his property was valued around £220,000 and he did not have any problem paying the mortgage. Then he went through divorce; suffered from psychological problems, got admitted to hospital and all the troubles began. Now the bank is likely to sell the house for much lower price than what he owes to the lenders. He is worried. Read the full story.

He could avoid repossession. Divorce, medical problem and unemployment – all three most impactful factors that lead to repossession are present in the story. However, as the report says he was a ‘taxi driver’ earlier, if he recovers he can still earn money. He is just getting income support for himself now.

What he could do to avoid repossession:

He could sell the house for quick cash and avoid repossession. It’s true that he was not in a position to take such a decision or explore his options. But this could be a valid option for him. Not only this man in West Belfast, but anybody anywhere in the country can avoid repossession by making a quick sale. If you need to avoid repossession in Oldham you have to go for a quick sale.

Now it might be a tough task to sell property quickly. Only cash property buyers can offer quick deal now. If you are trying to avoid repossession in Oldham, look for a buyer in your neighbourhood. They can offer you quickest deal; make sure you work with a reputed buyer.

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