Repossession Worries?

The credit crunch is starting to take a toll on more and more people and thanks to the media they scare people even more and make the situation worse, but hey its good TV viewing numbers for them so what do they care. My advice, switch the news off when it comes on.

I am no economist however the situation I feel is at its lowest or almost at its lowest; the governments have to intervene sometime soon and are looking at the possible interventions right now.

However if you have struggled to pay your mortgage for some time now and are potentially facing a repossession order and feel as though things can’t get any worse, there is a light at the end of the tunnel. There are companies out there who can help you.
Yes you will still have to give up your home still but you may still be able to pull some of the equity out that you would lose if you were repossessed and providing you can maintain the rent you will be able to stay in your home, with all your possessions and not be kicked out on to the streets.

Many of these companies get bad press but let’s way up the positives and negatives:

Positives:

• You get to stay in your beloved home.
• You potentially get to release some equity you would otherwise lose.
• Just because your home is repossessed it doesn’t always mean you are clear of the debt. If the mortgage lender can’t re-coup the amount owed from the sale of your property they may still chase you for the outstanding balance, therefore if you sell it your mortgage will be paid off and you will be mortgage free.
• Your credit rating will not be as adversely scared as if you got repossessed.
• You no longer have to worry about being repossessed.
• You don’t have the headache of moving.
• You can stay in your home as long as you wish.
• There are no fees to pay during the process of the purchase.
• There are no sale boards erected, so no one will even know you have sold you house.
• Should anything go wrong with the house, it is the responsibility of the landlord to fix it, not you.
  

Negatives:

• You are no longer a homeowner and may not receive the full amount of equity you have in your home, however you would receive none if you were repossessed.
  

As you can clearly see the positives out way the negatives, if however you are still unsure please contact us and one of our team members will call you back to let you know all the answers you need.

Simply complete this form and a member of the smart team will be in touch within 2 working hours.
http://www.yoursmartfinance.com/your-smart-property.html

Have a great day.