Property Situation can help you avoid repossession.
If you have bought your home by taking out a mortgage then the lender will usually have protected their interest by registering a legal charge against your home. The legal charge means that if you sell your house the lender must be repaid first.
If you fall behind on the mortgage payment you could be facing repossession.
During the legal process of buying the property you will have normally signed a document called a legal charge or mortgage deed. This document will say that if you do not keep up the repayments on the loan, the lender can apply for a repossession order. This means they can take over the property and sell it in order to pay back the loan.
The lender will first have to apply to the court for a Possession Order, allowing them to take over the property if you are in arrears.If you are facing this type of situation it can be immensely stressful for you and your family and action must be taken immediately.
It may be possible for Property Situation to offer you a service to halt the repossession process. We can buy your home very quickly enabling the lender to be "paid off" and ending the repossession proceedings.
Our legal team will contact the lender that is threatening the repossession of your home and quickly construct a solution to the problem. You do not have to consult with the lender during this process we can do all the work!
All information that you give us is kept completely confidential.
You are now just days away to finding the solution to your Property Situation!