Prevent house repossession with a fast house sale

by Richard Mathing Real Estate Service Provider

House repossession is resorted to when home owners fall too far behind in their mortgage payments and their creditors see no prospect that that they can still settle their obligation. It is currently a very big problem here in the UK. In fact, according to housing charity Shelter, one house in every street in Britain is now in danger of repossession. Moreover, the number of homes repossessed in the UK in the first half of 2013 is already at 15,700 according to the Council of Mortgage Lenders. It is expected that by end of 2013, there will be 35,000 total cases of house repossession, with 160,000 mortgages ending the year in arrears of more than 2.5% of the balance.

A Quick Property Move, cash for property market firm, is offering help for those, whose homes are in danger of repossession, even those already in receipt of a formal repossession notice from their creditors. The company said that if reached on time, they can stop the repossession process by helping the home owner complete a fast house sale. The distressed home owners, the company assured, will also get proper advice from their legal experts before any action is taken.

With its experience in the business, the company said it can prevent house repossession even with just minutes to spare. It will examine the steps taken so far and will make sure that legal procedures have been followed in the execution of the repossession order. The company can assess the property being repossessed, come up with an offer price and inform the creditor or his solicitor of its intention to buy the property and complete the sale as soon as possible. This will allow the repossession notice to be canceled while a fast house sale is conducted and completed. It will negotiate with the mortgage company and their solicitors in order to arrive at a settlement that would be acceptable to both the lender and the distressed homeowner.

The process that will be followed for a cash basis fast house sale is simple and straightforward. All that the prospective home seller needs to do is contact the company which will then evaluate the property. Based on its assessment, it will make an offer which the homeowner can accept or reject. If accepted, the company will make an immediate initial payment which is a percentage of the offered price, then it will set a completion date for the full payment of the deal which is not more than a few business days after the initial down payment.

With a fast house sale, you not only avoid the stressful and costly legal hassle that comes with the house repossession process. Once it's through and you have your cash, you can move on with your life with your credit rating intact. Your credit report won't brand you a defaulter since your mortgage lender is paid back in full. On the other hand, your debt will be shown as 'settled' on your credit report, making it easier for you to seek loans in the future.

Richard Mathing is a well known writer providing informative articles on internet to spread awareness. He has written articles for many categories and now he is writing about Fast House Sale and House Repossession.For more information visit us at http://www.aquickpropertymove.co.uk

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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