Good News: Bank Gives 6 Month Respite to Struggling Home Owners

Here is a bit of good news for the struggling home owners facing repossession. Royal Bank of Scotland (RBS) group won’t be harsh as they might have been in the past.
Bank’s chief executive Simon Hester has announced in Financial Times this morning that if their customers are unable to re-pay their mortgages, they will be [...]

Stop Repossession – Sell My House Quickly Before I Am Repossessed – Is This Possible?

Mortgage repossession can be stressful event the possibility of being moved from your house and dealing with the financial problems that have led up to it can be an emotional turbulent time.
However there is some legislation called "Prevention of Homelessness Act", and it protects residents of England and Northern Ireland.
The general gist of the legislation [...]

Repossession Is Not End of the Story

Imagine this: a home owner falls on hard times. He (or she) tries to sell the property and can’t do that either in good time, due to negative equity or for the price he would ideally like to achieve.
Unfortunately the home owner can find a suitable sell and rent back company to sell the property [...]

It is Not Just Lenders Who Can Repossess Your House

When Mrs Coombs was thrown out of her home, it felt her world had simply fallen apart. The fact that it was only six weeks before Christmas made things even worse.
Watching her house being repossessed was a devastating experience. She was forced to move in with her sister and send her two teenage children [...]

Selling Your House Fast is Best Way to Avoid Repossession

If you are in one of those most unfortunate situations where a visit from bailiffs is becoming a realistic nightmare then you need to consider your options.
It is best to keep the house and find ways to pay off the mortgage company. But obviously if things have deteriorated and things are in the hands of [...]

Anguish from House Repossession Can Threaten Mental Health – a Study

Loosing job, getting divorce or receiving a diagnosis for infertility have traditionally been rated very high in terms of causing stress and threatening a cause for concern to our mental health. A recent study conducted by a charity shows that the threat of repossession can be far more stressful.
2000 people were surveyed by Mental health [...]

South West England ‘A Repossessions Hotspot’

Devon and Cornwall are the repossession hotspots in UK right now, says an article.
 
The general downturn in the housing sector has had particularly severe effects in Cornwall and Devon, with 41 percent more residents facing claims to give up their home than in 2007. Across the UK, repossessions numbers have gone up 17 percent. [...]

A Stroll Through the Panic Street

Sell, Sell, Sell… is all you will hear if you happened to be in the City of London today.
Markets are in a state of turmoil. Investors are trying to save themselves by dumping their stocks as fast as they can.
Why?
BBC reported this morning that some large banks have held talks with the [...]

Repossession Anguish – How Threat of Eviction Can Turn Logical People Into Illogical Human Beings

A businessman, whose house was repossessed, threatened to burn down the house – with him in it rather than getting evicted.
53-year-old Peter Sastawnyuk was enjoying a well paid professional life. He worked for a chemical transport company, lived in a lovely detached house in a quite but affluent cul-de-sac in Rochdale and sent his [...]

Keeping the Repossession Wolf at Bay

A recent survey reveals that while the increase in delinquencies has been relatively mild so far, arrears are expected to continue rising for some time.
I personally do not think that many lenders seriously believe that it is in their interest to force repossessions in today’s depressed market unless there is no chance that the [...]