13/07/2015
What is Repossession?
Repossession is the act of regaining vacant possession of a property secured by loan that is in default.
Should you miss three or more payments to your lender, they may begin a repossession action.
The lender has to follow due legal process and can then start the repossession proceedings. It is at this point many people look for a fast house sale, getting an offer and completing a sale quickly stops the lender from proceeding.
The issues around repossessions are that as well as losing your home you lose control of the process. Banks will typically sell your house for 30% to 40% below open market value and then deduct what could be substantial costs and fees before giving you any money that might be left over.
At 3 Little Pigs we understand the stress that this can bring and we will work directly with you and your lender to stop repossession proceedings. Ultimately it is in both your and the lenders best interests that the matter is settled as quickly as possible and because 3 Little Pigs take control of the property and take control of the payments, it is the best outcome for all parties.
We look to remove the burden of arrears and payments from you at what may be a stressful time by giving you best market price valuation on your property and then if it is agreeable to you, we will make a formal offer to rent your house, cover your mortgage until such time that the sale can complete.
If you have to sell a property fast in Essex, Norfolk or Suffolk we are the people to speak to.
When you work with 3 Little Pigs, you can be sure that we will take care of all the hard work and hassle that is involved in selling a property.
Unlike estate agents, there is no percentage of the final sale price of your property to pay, nor do you pay survey or legal fees. Once the agreement is signed and the option is closed, you are no longer responsible for the mortgage payments.
See more at: http://www.3-little-pigs.co.uk