Posts Tagged ‘Avoid Repossession’

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 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.

House repossession is NOT the only reason for people to go for quick sale

Tuesday, March 29th, 2011

Some people believe that those facing repossession in UK go for quick house sale only. Are you one of them? Please realise that there can be many other reasons which compel people to sell their houses fast.

Of course the majority of people looking for fast property sale are trying to stop house repossession but that does not mean this is the only reason, and criterion, to go for quick sale of house.

Other reasons behind quick property sale are:

  • Relocation after marriage
  • Relocation for career
  • Debt elimination
  • Bankruptcy
  • Divorce or separation
  • Health problem or bereavement
  • Inherited property
  • Downsizing
  • Moving to a new home

These are some of the conditions that force people to go for quick sale. Whatever be the reason the challenges remain same; when you try to sell your house fast you are bound to face the problems that others do.

Finding a buyer quickly is the main problem that stops your way first. If you can overcome this huddle somehow, you can sell your home really fast.

In a downtrodden property market finding a buyer is not easy. But you can always sell your house fast to cash property buyers. No matter whether you are trying to stop house repossession or anything else, you can close the deal quickly and solve your financial worries.

Cash buyers not only help you sell the house fast; they offer you a no-hassle property deal. To make things faster, you can work with a local buyer who is aggressively buying houses in your neighbourhood.

When selling house to first time buyers is tough, you have to look for other ways of quick sale. And cash buyers are the best alternative. You can get good price for your home without making any investment and handling any trouble.

Trying to avoid repossession? The first step is important

Saturday, March 12th, 2011

Are you facing repossession in UK? Finding repossession help in your area? There are many options; an expert can suggest you several solutions to overcome the problem. But you have to take the first step; nobody will come to you offering a solution. You have to be proactive and explore different places to find possible way out.

Depending on the stage of repossession you are at, experts can offer you several solutions. Contacting the lender to let them know that you are in a financial hardship is the first thing. Loan modification and finding other ways to get money so that you can pay off the mortgage etc. are some of the solutions that people may advise to you.

But you have to pay off the loan in full, there is no alternative. The lender is never going to write off the debt because you are in a hardship! And there is no point in waiting for long thinking that someday you would have the money to clear the debt. Your lender can repossess your home for unpaid mortgage because mortgage is a secured debt. And that would have a harsh effect on your credit.

The best way to avoid repossession is quick house sale. You are going to lose the property anyway – if your lender repossesses the house you will lose the ownership, moreover your credit would be on stake. Why don’t you sell the house on your own and stop house repossession?

You can sell your house to cash property buyers; they can buy your house very fast, within 7 to 10 days and pay you instant cash. You can use the money to pay off the mortgage and avoid repossession.

Talk to cash buyers in your area today; take the first step required to avoid repossession.

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.

Strictest law for UK people looking for repossession help

Friday, October 22nd, 2010

A new law has come into force which protects the homeowners in Scotland, UK. The Homeowner and Debtor Protection (Scotland) Act, presents the strongest legislative protection for the people who are facing repossession in the UK.

Each and every case that comes on from now will be heard in the court along with the mortgage lenders. The mortgage lenders from now on need to prove that they have tried to avoid repossession by taking all necessary measures. The advisory board needs to play a humongous role in supporting and representing the individuals facing repossession in court.

Stop-repossession-2-day.co.uk is a trading portal of Yellow Springbok, one of the UK’s leading property buyers. It is a national company that has associates and managers located through towns and cities in entire UK. Stop Repossession 2day has a huge network of cash investors who provides immediate funds. Therefore, we are able to offer you immediate help in case you are facing a house repossession process.

Home repossession is a harrowing experience. However, the families in Scotland who are facing house repossession now have a new law to rely upon. Always remember that it is important to discuss the debt situation that you are in, rather than putting the problem under the carpet.

All that you have to do is choose the best option that is appropriate for your situation. The rest will be taken care of by Stop Repossession 2day including paying the legal fees. Now you can look forward to a new life free from the burdens of the debt.