The thought of losing your home creates an enormous amount of stress – we’ve seen that first hand because we have dealt with many people in your situation. We have helped those people stop repossession and have saved their homes. Even in cases where proceedings have already been issued, it need not be too late.
Why put your family under stress, uproot your children from their schools, suffer the embarrassment of the bailiffs knocking on your door, and ultimately risk losing your home?
With White Castle Property Co. all of that can be avoided.
From danger signals to success
Contact us as soon as you are in danger of losing your home – usually when mortgage arrears start to accumulate. We can exchange within 24 to 48 hours. We’ll liaise with the solicitor, mortgage company and the courts to stop the repossession. Once the sale is completed you can either remain in your home as a tenant (on terms agreed prior to the sale) or you can decide to take your equity and move on.
What happens when your home is repossessed?
If you’re facing the possibility of repossession it’s unlikely that you’ve looked beyond the immediate risk of losing your home, but there are other implications you should know about.
The mortgage company which has repossessed your home will sell it through an estate agent or via an auction, and you could be liable for the costs involved in this sale. We know of cases where mortgage lenders have pursued people for the shortfall between the total cost of repossession and the amount the lender has been able to raise from the sale of the property.
Repossession means that your name will be added to a ‘repossession register’. Once this has happened it is likely to prove very difficult to get a mortgage again in the future.
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Contact us now to stop your repossession!
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