Articles

Avoid home repossession, get mortgage arrears help as soon as you can

by Richard Mathing Real Estate Service Provider
A lender can to take over ownership of your home, that is repossess it, if the mortgage loan you secured on your home hasn't been paid according to the terms and conditions you agreed. Once you get into mortgage arrears, your lender may decide that the best way to get back the money that's been lent to you to buy your house is to repossess your home. However, it is important to note that only a court can decide if a lender can repossess your home. If you don't leave, it is also only the court that can decide if bailiffs will be sent to forcibly evict you. If you manage to get mortgage arrears help at an early stage, you may be able to avoid having to go through with the lengthy, costly litigation process involved in repossession or eviction. You may even get to keep your house.

Repossession for mortgage arrears is meant to be used only as a last resort and it must be done according to certain established legal rules. In fact, it can’t be initiated unless the lender proves that attempts have been made to work with you first to try to find a way for you to afford your mortgage and repay your arrears. Being proactive and acting early gives you more time to find a solution to your problems so don't be afraid to consult with professionals who have experience in giving mortgage arrears help.

A Quick Property Move, a property marketing firm, is offering mortgage arrears help for those whose homes are in danger of mortgage repossession, including 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 cash for property sale. With its experience in the business, it may even be able to help keep home owners from being evicted at the last minute. It will examine the steps taken so far and will make sure that legal procedures have been followed in the execution of the repossession notice. 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 to be canceled while a fast property sale is conducted and completed. It will negotiate with the lenders and their solicitors in order to arrive at a settlement that would be acceptable to both the distressed homeowner and the mortgage company. The distressed home owners, the company assured, will get proper advice from their legal experts before any action is taken.

The company can give the home seller a written cash offer within 2 days after just one viewing of the property. If accepted, they can then complete the transaction in a few days. The seller, by dealing with a direct and cash-basis buyer gets to save not only in terms of time but also on estate agency fees and related additional transaction costs. This could help the distressed homeowner settle his mortgage arrears and even have enough funds to make a fresh start at life

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 Mortgage Arrears and mortgage arrears help.For more information visit us at http://www.aquickpropertymove.co.uk


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About Richard Mathing Junior   Real Estate Service Provider

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Joined APSense since, May 15th, 2013, From Birmibham, United Kingdom.

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

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