Stop Repossession Case Study - Stopping
Repossession by Following Correct
|Relax - 95% repossessions can be
job market as it is, you may be worried about your own
job, already unemployed or struggling financially for
another reason like illness or relationship breakdown
If you have a mortgage then you will no doubt be aware that
non-payment of mortgage will force your lender to instigate
repossession proceedings. It is wise to understand how to stop
repossession, should any one falls victim of their
circumstances for no fault of their own.
Here is the process in short:
- You miss mortgage payments
- Lender gets in touch with you via telephone and/or
letter to make enquiries
- You continue to miss mortgage payments
- Lender instigate proceedings to possess your property,
including applying to the court.
- If you do not come up with a good plan to pay back the
arrears then the court will grant lender the order to
- Court allows family some time (usually 28 days) to
vacate the property
- If family fails to comply court order then eviction
notice is granted. Bailiffs evict the
family forcefully on due date and change locks.
- House is repossessed by lender
Whether you are at stage 1 or 8, as long as you are still in
property, there are ways to stop repossession.
It is highly recommended to sort things out at earlier
stages and NOT leave things till later stages. However the
right advice or people can help at every stage.
We can help Stop
can sell your house in 24
hours. To submit your details,
For example we have stopped repossession half hour
before baillifs were due to turn up to evict the family and
Here are steps you can take to help
STEP 1: Keep your lenders
If you have missed a payment and aware that you will not be
able to meet your immediate future mortgage payments the the
most important step you can take is to get in touch with ytour
lender and explain the situation.
Pick up the phone, dial your lender's number to let
them know that you are going to fall into arrears with your
mortgage. Give them some idea of how long you think it will be
and when you are able to start making your mortgage payments
Lenders are bound to be anxious for their money at this
stage. So explain how you will repay the arrears. You may
mention a figure how much you can afford to pay at this stage,
and what else you are doing to clear the arrears etc.
You may write them a letter for your own and
Stop Repossession Case Study continued.
Click here for Step 2
Are you worried that your house may be
Click here to stop repossession
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