When you buy your home, you may use a mortgage to help finance the purchase. When you take out a mortgage you agree to a set schedule of repayments... But what happens if you can't keep up with those repayments?
The lender may look to "repossess" your house. This means they look to physically evict you from the property, take control of the house, and sell it so that they can recoup their money.
This is a horrible process to go through, but there are things you can do to either prevent repossession, or to buy yourself more time to either catch up on your repayments, or sell the property yourself.
FEATURED ARTICLE
Believe it or not there ways to prevent house repossession. This insightful guide show you how to stop this nightmare.
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By buying your home from you at a discount to its full value, we're able to give you:
But this means you will receive less than if you were to sell your home in a traditional sale.
