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

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

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.

5 Reasons why you should stop property repossession in Wolverhampton

September 28th, 2011

Repossession is a nightmarish event; everybody would advise you to stop property repossession. And they are right; it is true that property repossession is a very stressful incident and you should try to avoid it.

If you are still not convinced, here are some reasons why you should try to stop property repossession in Wolverhampton or any other part in the country.

1] Protect your credit

Property repossession damages your credit badly; once it enters your credit report it stays there for long and keeps damaging your creditworthiness. You would face problems getting loans and other facilities.

2] It makes it difficult to find a rented home afterwards

With a recent history of repossession in credit report; it becomes difficult for you to get a loan; even private landlords might find you as a risky tenant. As a result you might have a tough time finding a rented house in your area too.

3] Property repossession is mentally stressful

Your lender has brought legal action against you because you could not pay the loan – this does not sound funny. Property repossession is a very stressful event; you have to attend the court hearing and then need to go through a lot of legal proceedings.

4] It might not be possible to get good price in auction

Lenders usually sell the repossessed properties on auction to get back the fund; properties are usually sold for very low price at auctions so you might not get good price when the property is sold at auction.

5] Lenders can still chase you in case there is a shortfall

If the selling price of the property is lower than what you owe to the lender; the lender can still chase you for the remaining amount. So the nightmare does not end with repossession.

Hence, you should stop property repossession and avoid all these problems. With fast property sale you can stop repossession successfully and save your credit.

Avoid repossession in Norwich to keep your credit in good shape

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

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.

3 Easy Steps to stop property repossession

August 10th, 2011

Repossession is a serious problem nationwide; you are not the only person facing repossession in the country. Thousands of homeowners are struggling to pay off their mortgage. Experts believe that the situation will go worse in the second half of the year. So you have to find a way out as soon as possible.

If you are in deep mortgage debt, fast property sale can help you stop repossession. You can stop property repossession in 3 easy steps:

Step 1:

Find a trusted cash home buyer and send your property details to them so that they can send you a free quote.

Step 2:

Review the proposal; the buyer would send you an offer within a couple of days. Go through the terms and conditions carefully – get all your doubts clarified.

Step 3:

Accept the offer and sell the house.

By selling your house to a local cash buyer you can stop property repossession in Hull. So look for a trustworthy cash buyer in Hull and sell your house quickly. By avoiding repossession you can save your credit from severe damage.

However, once you start searching for property buyers, you might find it difficult to get in touch with a really reputed buyer. You have to make sure that the buyer is reliable; see if they have got any testimonial from their previous clients – this will help you understand how good they are.

5 reasons why you should stop property repossession

July 31st, 2011

Property repossession in Reading is an extremely painful and insecured situation for an individual. On not paying mortgage loans over a continued period of time a property can be repossessed by the lender. This is the extreme step that the lender can take. However, there are also ways that can help to avoid repossession in Reading.

It is always good to avoid and if possible stop repossession completely as it has many negative impacts on the personal, professional, financial and social life of a person. It has also been noted that many people cannot cope with the property loss in this fashion and tend to go into a depressed state of mind.

Some of the reasons for which you should avoid repossession in Reading or in other parts of UK are as follows:

  • Property repossession in Reading might lead to physical and mental breakdown of a person. This is quite obvious as the person loses his ownership from the property. This is quite a painful situation and should be avoided if possible.
  • The credit record for the defaulter goes for a toss with property repossession in Reading. It becomes very difficult and nearly impossible to get credit from any source for a long period of time. This hampers the personal and financial life of a person to a great extent.
  • The property that is repossessed is often put for auction. In an auction, the prices that are offered are much below the original market rate. When the property is not sold, it is kept for later auctions where they are bid for even lower prices. To maintain the valuation of the property, it is important to avoid repossession in Reading.
  • Property repossession in Reading has great impact on children as they become insecured by the entire situation. When asked they have shown their helplessness to support their parents.
  • Relationships can be destroyed with property repossessions. The turmoil in relationships aggravates and thus it is best to avoid repossession in Reading for the same.

Fast property sale is a very feasible and practical solution that helps you stop repossession and avoid all these problems.

Stop Property Repossession in Doncaster Today

July 24th, 2011

Do you own a property in Doncaster? Did you take loan to buy the property and now finding it tough to pay mortgage instalments? Your lender can repossess your house to sell it off on auction in order to get back their fund.

Repossession can be a hectic process for you; your lender will evict you from your property, you have to find a new place to move in and you have to go through all the hassles of relocation. Most importantly, repossession will ruin your credit history – once a record of repossession enters your credit report, it stays there for long and hurts your creditworthiness.

It is a nationwide problem; thousands of people are facing the same problem. However, there is a practical and feasible solution to this problem. Quick property sale can help you stop property repossession in Doncaster and surround area.

However, quick property sale is not that easy; property market is down and people are not ready to purchase new or used properties. To stop repossession in Doncaster you have to find a quick property buyer.

Contact a network of investors who can help you stop repossession in your area. Quick property buyers will buy your house by paying quick cash so that you can stop property repossession and save your credit.

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

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

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.