| If you find that you've fallen behind in your mortgage | | | | You should contact them long before your lender has |
| payments, your lender will want to know how you are | | | | applied for a court order. However, we can still help at |
| going to clear your mortgage arrears. Without any | | | | any time before you are evicted - you simply need to |
| process in place, or if your situation is particularly | | | | prove to a court that you can rectify the situation, |
| desperate, your mortgage company could start court | | | | which, with a house buyer's help, you could. |
| proceedings against you to seize or 'repossess' your | | | | How does it work? |
| property, leaving you homeless and perhaps still owing | | | | It's quite simple. To make an offer most home buyers |
| them money. | | | | will arrange for 3 agents to visit your property to carry |
| Repossession orders usually allow a lender to seize a | | | | out an appraisal on their behalf. |
| property within 28 days of granting - you can, | | | | Once they receive the valuations, the house buying |
| however, stop the process at any time. | | | | company will be able to make an offer, currently up to |
| If you have mortgage arrears, or if your lender already | | | | 85% of the appraisal valuation, within 48 hours. |
| has a court order and you're threatened with eviction, | | | | There is usually no cost or obligation in receiving an |
| you need to act, FAST! This is where house buying | | | | offer. |
| company's service can help you. | | | | What are the benefits of using a professional property |
| Selling your house through an estate agent can take | | | | buyer? |
| months. If your house is repossessed, your lender will | | | | The advantages for you are clear:o You avoid |
| usually sell the property at auction where prices can | | | | repossession.o You receive more money for your |
| often be 30% below market value. After paying off | | | | property than you would through a repossession sale |
| the mortgage and arrears, this could still leave you | | | | at auction.o You can repay your mortgage and clear |
| owing money to your lender. A quick house sale | | | | your debts.o You could be left with cash and a clear |
| through a professional property buyer, is the best way | | | | credit record.o Borrow money in the future without |
| to clear your debts. | | | | punative rates and move on with your life.o Many |
| How can professional property buyers help? | | | | home buying companies have years of experience in |
| In short, most house buyers will purchase your house, | | | | dealing with these situations. |
| for cash, quickly - often within 7 days. | | | | |