|
Q. How does repossession work?
A. First your lender will demand your mortgage payment due from you when you are in arrears. If you fail to resolve this issue they may send you solicitors and court notice for hearing. The court will look into the matter and may issue a repossession/eviction order and you will be asked to leave your home
Q. How long does it take to stop repossession?
A. Repossession can be stopped easily at any time. Usually a letter from a buyer will stop your house repossession. Stop-repossession-2-day will give you a no obligation guaranteed offer only within 48 hours.
Q. The court has issued a repossession order/Eviction order, is there anything I can do?
A. Yes. You can sell your house before the repossession. An offer letter from a quick buying company like us generally stops repossession proceeds. From the quick sale you can pay your debt. We will give you a guaranteed offer within 48 hours.
Q. What is my house gets sold for a price higher or lower than what I owe to my lender?
A. If your house gets sold for a price lower than what you actually owe, they can till chase you for the difference in the amount. Your house repossession itself may not free your from your debt entirely. If your house sells for a price higher, then you are entitled to receive the difference amount.
Q. Will my credit rating be affected due to home repossession?
A. Yes. Your credit rating will be adversely affected. A judgement will be registered against you by the court and on the council of mortgage lenders. This will make it difficult for you to obtain mortgage in future. The best way to avoid this is to stop your repossession by making a quick sale to stop-repossession-2-day.
Q. When it is too late to stop repossession?
A. Repossession can be stopped any time until your house is sold by your lender. At any stage during repossession a quick sale can help you stop repossession easily. Even if you have been evicted you can stop repossession with us. |
