Avoid and prevent house repossession threats and orders stopped

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Repossession

The dictionary defines it as the act or state of taking back ownership of something. In banking terms it relates to the seizure of the collateral that was used to as the security of a loan, mortgage or remortgage that is in default. Repossession tends to occur when all other forms of persuasion have been exhausted in trying to make the borrower make payments that have fallen past due to cure the loan delinquency. In most cases or jurisdictions, repossession of the collateral in which a lender has a security interest is done by obtaining a deficiency judgment or county court order authorising the lien holder or lending institute to reclaim the property even if the actual full market value exceeds the finance arrears. Anything over the loan value then goes to wards legal fees and estate agent fees on the property resale.

There many reason why UK residents fail to make mortgage or loan repayments to the extent of risking losing their house or material goods, ranging from a loss of employment and having no mortgage or loan payment protection, through ill health and having no critical illness cover, to just plain not being able to afford repayments on finance set up by a commission hungry sales person.

The worst thing you can do if you have received letters threatening you with losing your home is bury your head in the sand. It will not go away. Repossession is a serious thing, not only can it ruin your credit history and leave you possession less or homeless, the sheer pressure can lead to husband and wife separation or divorce and destroy family units and life. What the majority of people do not understand, is that even after the repossession has taken place, they are still liable for ongoing costs, such as mortgage interest and legal fees right up until the house itself is sold and your lender has accrued their initial outlay. To stop repossession, you have to think outside the box and look to companies that can help you free up your property equity or organise a loan that can cover the outstanding payments which can be difficult as your credit rating will be less than appetising to possible lenders.

Stop repossession

We can help stop repossession. We have several methods that are proven to work time and time again. The simplest way to prevent you losing your home is to sell it. That in itself sounds strange but it is true. If you have a quick house sale, the equity is freed up and you can settle up with your creditors. We then have scheme named sell and rent back, where you simply enter into a lease agreement so you can stay on in your home as a tenant. When you are back on your feet, you can even approach us to buy back your home. All this is done discreetly, not even you next door neighbour will know that you no longer owner your house.

The other option you can choose is obtaining a short term bridging loan through us which can have funds released to you within twenty four hours to help you pay off your creditors. Either way, not only do you avoid repossession, but repossession is stopped.

Read more on a quick sale and sell and rent back solution. Or enquire online.

Read more on a bridging loan. Or enquire online.

Don't want to fill out a form? Send an email to sales@quickhouse.co.uk or call 0845 621 5000 for a free consultation and advice from a specialist.

What ever way you would like to make contact, it will be treated in the strictest confidence. We look forward to helping avoid repossession.

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