Many experts predict that repossessions will continue to rise again in 2012.
It is very important that if you are struggling with your mortgage payments to seek help early. Debts can easily spiral out of control if you don’t try and tackle them quickly, and the longer you leave it before contacting the mortgage company, the less sympathetic they will be. Repossession is the last resort and you should be doing everything you can to avoid it. Not only will you come out of it financially much worse off than if you had simply sold your property quickly before the repossession, but it will seriously affect your ability to get credit and buy another property in the future.
If after you’ve spoken to your mortgage company and been through all the options you still find all the available options unaffordable, then always consider selling your home before you are repossessed as it will always work out to be the better option. With the housing market so stagnant these days, selling your house in a hurry, in a race against repossession can be very difficult, but please remember I am here to help.
Simply give me a call and I will assist you as best as I can in securing a buyer for your house, or indeed may purchase your poperty from you. If you feel you’re racing against the clock to sell before you are repossessed then do get in touch and I’ll do everything I can to get your house sold asap!