Repossession Procedure
The time that the repossession procedure takes can vary significantly depending on the circumstances of the situation and how the court deals with the case. Repossession and any ultimate eviction can be an extremely distressing thing to go through for individuals and their families. It is usually advisable to try and stop repossession.
If you miss a mortgage payment your lender will contact you to try and get the money. When your account is in arrears your lender will require you to agree to a repayment plan in order to clear any outstanding amount. There may also be extra charges or interest when your account is in arrears. If you are unable to clear the arrears or come to an agreement to repay them over time, or if you don't stick to an agreement your lender is likely to pursue further action.
The first step they will take is to request a court hearing where a judge will decide the most appropriate course of action based on your lenders argument and your defence. A typical outcome form the first court hearing is that the judge will recommend a repayment plan.
If after this you are unable to stick to the plan, the lender will apply for a further court hearing. At this hearing if there are no mitigating circumstances then it is likely that the judge will grant possession to the lender and a date will be set for your eviction.
Stop your House Repossession
If you contact us we can help. If sell to rent is right for you we will make an offer and deal directly with your lender and the court and we will stop repossession.
For free, no obligation advice on ways to stop your house repossession; contact us today
Call us 0844 50 40 788 or 01388 748 883
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Testimonials
sale and rent back solution will take account of how much debt there is secured on your property and how much cash you would like in your bank after clearing that debt. The rent that you pay to your landlord will be set at a level that is affordable to you. FSA regulation of Sale and Rent Back Before making any enquiry make sure that the company is FSA registered and authorised to provide sale and rent back. DFB Housing Solutions is authorised with full permission that allows it to carry on regulated sale and rent back activity. For free, no obligation advice contact us today Phone.
John Smith - London
AVOID REPOSSESSION WITH FSA REGULATED PROVIDER
The FSA (Financial Services Authority) have been administering a regulated sale and rent back agreement since 2009. Full regulation began in July 2010.
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