Archive for the ‘Avoid Repossession’ Category

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

Wednesday, October 19th, 2011

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.

Avoid property repossession in Manchester without taking much trouble

Tuesday, October 11th, 2011

Many people start to sweat; but if you do a little bit of market study you would realise that you can avoid property repossession easily; it’s not that tough. However, you have to take the right step at right time.

You probably thought that stopping repossession is the toughest thing in the world; actually you can avoid property repossession in Manchester or anywhere else in the country in just 3 easy steps.

Fast property sale is an easy way of stopping property repossession. However, to sell a house fast you have to find out a buyer first and that is the most difficult thing of this time. After recession, the property market in the UK has not returned to its previous condition yet. Property prices started to fall, a lot of houses went into negative equity, lenders introduced stricter loan eligibility criteria and the equilibrium in the market got disturbed. As a result finding a buyer for homes became difficult.

Thousands of properties were repossessed by the lenders as the borrower could not pay off the loan. Thousands of homeowners are still facing repossession or feeling the tremor. With fast property sale repossession can be avoided; but where is the buyer?

Cash buyer is the answer. Cash buyers are the investors; they purchase properties of all types and conditions. You can avoid property repossession by selling the house to cash buyers in your area. Local buyers can offer the quickest service; if you are trying to avoid property repossession in Manchester then look for cash buyers in Manchester who has purchased properties in the area in past.

Local buyers have better knowledge of the property market; they can handle the matters efficiently and offer you a hassle-free property deal. You can avoid repossession without going through any hassle.

Avoid repossession in Norwich to keep your credit in good shape

Sunday, August 28th, 2011

Keeping your credit in good shape is one of the main reasons for which you should avoid repossession. There are many disadvantages of repossession but most people try to avoid repossession to get rid of all the consequences of house repossession.

Keeping present condition in mind, selling house to cash buyers seems to be the most sensible and practical solution to avoid repossession anywhere in UK. Local cash buyers can be of immense help when it comes to avoid property repossession. If you are trying to avoid repossession in Norwich you should look for local property buyers who are active in the area.

You may ask that if you sell the house then also you would lose possession – then why not let the lender allow to repossess the house! There is a big difference between these two things – when your lender repossesses your house, it enters your credit report and the remark stays there for many years. Your potential lenders would see this and might find it risky to work with you.

Even if you go to find a home on rent to move in after repossession, the landlord would fetch your credit report and find that you have gone through repossession recently – they might refuse to let the house on rent to you. This can be very frustrating.

On the other hand if you sell the house, you can avoid these problems. Cash buyers in Norwich can close the deal quickly so that you can get a lump sum amount in hand and clear the outstanding debt. This way you can keep your credit unhurt.

Cash buyers offer a quick, guaranteed and hassle-free property selling in Norwich and anywhere else in the country. To avoid property repossession contact reliable and trustworthy property buyers in your area.

Most effective way of avoiding repossession in Northampton

Tuesday, August 23rd, 2011

You have to avoid repossession at any cost; repossession damages your credit badly – you have to figure out some way out. First, do not panic – explore all your options and choose the best one. This is how you should handle the situation.

What are the options? Let’s review various avenues first:

  1. Talk to your lender
  2. Take another loan
  3. Take loan from family members of friends
  4. Bankruptcy
  5. Fast property sale

If you look at the options, fast property sale seems to be the most sensible and realistic option. All the other solutions will take some kind of toll on your credit. You can talk to your lender to get the loan modified but when the situation is grave this option might not work.

Taking another loan might be difficult because your credit is already in bad condition. You may take loan from family members or friends, but you may not accumulate the required fund in this process. Also, taking loan from personal acquaintances may be hard on your relationships.

Bankruptcy will make your credit worst. Fast property sale looks to be a sensible option. When you need to stop property repossession in Northampton or anywhere else in the country, you can go for a quick sale.

How to sell house quick and stop repossession in Northampton

Fast property sale is not easy any more. Estate agents are taking long time to find a buyer. Property market is dormant in the UK; no one is buying – how the estate agents would help you?

However, there is nothing to get disappointed; cash property buyers are there – they will purchase properties of all types and condition quickly. You have to look for a local property buyer to stop property repossession in Northampton and surrounding area.

Once the house is sold, you can clear the debt and save your credit. Look for cash buyers in Northampton today.

Selling home to avoid repossession – Is this the right decision?

Wednesday, May 11th, 2011

Selling home to repay your unsecured debts such as credit card debts, personal loan may not be a good idea. But secured debts are different; if you fail to repay the debt in time your creditor can repossess the house and sell the house to someone else evicting you from the property with a court order.

The entire episode is not only humiliating for you, but it leaves a very harsh notion on your credit report which pulls you back from getting benefits in the coming days. If you think that by selling home you can avoid repossession then go for it because nothing is worse than repossession.

If you have missed one or two payments and your creditor has started calling you, probably a talk with them can help you avoid repossession. But if you are in an advanced stage of repossession when your creditor is suing you, it is better to sell the house and avoid house repossession in UK.

You have to inform your creditor that you are selling the house and soon you will pay off the debt. If you are working with cash property buyers, then ask them to give you some sort of written document that you can show to your creditor to make them realise that you will be able to pay off the debt soon. Give them an idea on which date you can pay the outstanding debt. Once they are assured that you can pay off the debt, they would stop the legal proceedings.

Whether you sell or allow the lender to repossess your house, the property would not remain in your possession any more. Moreover, repossession would make your credit ugly. So it is always good to sell the house, avoid repossession and keep your credit in good shape.

Avoiding Repossession is Easier than Ever

Thursday, April 28th, 2011

No matter whether banks are tightening the rules, whether first time buyers are purchasing or whether property market has been down – you can always avoid repossession in UK. All you need to do is: find out the right way that helps to avoid repossession.

Did you ask what the right way is? The answer depends on your situation. If you have just missed few mortgage payments, you should talk to your lender first. They might offer you easier loan terms so that you can pay the mortgage off.

The problem is amount of mortgage arrears is increasing across the country. All the lenders are trying to figure out some ways to reduce the arrears. Of course loan approval will become stricter and probably repossession will increase all over the country.

The combined effect of this will create trouble for the distressed homeowners:

  1. Lesser number of people will get mortgage, so there will be a shortage of buyers in UK property market
  2. Chances of getting repossessed will be higher as selling home fast will not be an easy task

The good sign is people have started to identify the right method of fast property sale; according to a recent report by BBC close to 50% of property deals in UK in the month of January were done with cash buyers! So close to majority of distressed homeowners know that cash buyers can help them avoid repossession. This is definitely good sign.

If this continues, cash buyers will become the driving force in the market. To avoid repossession in Telford, look for reputed cash buyers in Telford – take the first step to solve all your financial problems.

Repossession leaves a stigma on your lifestyle – Avoid Repossession

Wednesday, April 20th, 2011

Repossession not only damages your credit score; it makes you financially cripple and it may take long for you to get back to the normal track.

It is a known fact that once you go through repossession your credit will be hurt. Repossession is a severe note on your credit report; and it stays there for many years. In future if you try to get loans, your lenders would run a credit check and come to know that you went through repossession in past. It would reduce the chances of getting the loan approved; and if the lender approves your loan the rate of interest might be higher for you.

This is a long term problem that you would face down the line; there is an immediate problem that is more serious. With a recent history of property repossession, it would be difficult for you to get a new home.

If you try to get an apartment on rent from private lenders chances are high that the lender would run a credit check. So this repossession is going to create trouble also. So what is the solution? Avoid repossession; you have to stop repossession to protect your credit and save yourself for many other problems.

But how to avoid repossession! You can sell your house quickly to the cash buyers and stop repossession. There are cash property buyers who help people to stop repossession by offering quick cash for home. You have to find out reputed cash buyers in your neighbourhood.

It is always beneficial to work with local buyers; they can offer you quicker service. From conveyance to other legal matters; they can help you solve all the issues quickly. Hence if you are trying to stop repossession in Shrewsbury, look for property buyers in Shrewsbury first.

How to Avoid Repossession and Make Yourself Repossession-Proof

Sunday, February 27th, 2011

Even when the property market is down and the economy is not in a good condition, there are many avenues open for you to avoid repossession. Home repossession is a national problem now; thousands of homes are being repossessed all over the country and many people are homeless. If you somehow to avoid repossession this time, what if a similar situation arises in future!

Among different ways that help you avoid repossession fast property sale seems to be most sensible one. By selling your house fast you can pay off all your outstanding debt and save your credit. The main problem is once you decide to sell your house for quick cash you would face a big challenge. Finding a buyer when the property market is down can be a big huddle. If you contact property agents, you may have to wait for several months to get in touch with a buyer.

Only cash buyers can offer you a quick house selling solution. Cash buyers are property investors; they do not need mortgage to buy your house. They can pay you instant cash and purchase the house allowing to avoid repossession anywhere in UK. If you are from Liverpool, cash buyers can help you avoid repossession in Liverpool.

Now the question is how to make yourself repossession proof. Once the economy improves and your personal finance starts looking bright you can purchase a new home. What if another recession starts rolling in! Your home and credit will be under the threats of repossession again!

You have to stay in touch with experts and follow their ideas on how to keep your finance in good shape. After taking mortgage loan, you have to be very careful about your expenses; you should not neglect your secured debts for unsecured debts and never ever ignore mails from your mortgage lenders. Whenever you foresee a hardship inform your lender. Keep an eye on market trends and lock yourself in the type of mortgage that is profitable.

House repossession – simple ways to avoid it

Thursday, September 23rd, 2010

It’s scary how the mortgage lenders threaten to evict you from your own house and repossess the property. The worst part is, you cannot do anything about it.

That’s not entirely true. If you act fast, you can still take the situation in control. There are a lot of viable alternatives to house repossession. Most home owners are unaware of the fact that there are steps available.

If you have defaulted your mortgage payments, the first thing that you can do is, talk to your lender. Be very honest and open about your problem. It is of utmost importance that you let them know why you missed the mortgage payment in the first place. In case there is a chance that you might miss a couple of payments in future, let the lender know that too. Believe it or not, the truth is, even the lenders see property repossession as a last resort to get back their money. Repossession itself is a very costly procedure.

Alternatively, if you are already half way into the process of property repossession, then the only way out of such a mess is by selling your property and renting it back immediately. That way, you will get quick cash in your hand as well as retain your shelter. With the cash, you can pay off the mortgage lenders and also get rid of all the other personal debts. This is a very effective solution. There are cash buyers available all over England. We are private property buyers with networks stretched to all over England, Wales, Northern Ireland and Scotland.

Please feel free to contact us for any further information on cash buyers and home repossession.