“If you are in the predicament where your property is being repossessed, you may still have time to stop the repossession even if the repossession is in it’s final stages. If you have not managed to come to an agreement with your bank and they still insist on repossessing the property, there are other solutions out there. An alternative could be to approach a repossession company. These companies have the ability to purchase your property for cash on the spot and ultimately prevent the repossession of your home.
If you were to contact one of these repossession services that are able to buy houses for cash, they would still manage to delay the eviction process giving you enough time for you to seek alternative help even if they didn’t end up buying the property. These companies will even offer you free advice where you are under no obligation to sell your property to them. The majority of them do not charge fee’s for their service and will assess your situation for free which can be very handy. They will also work very quickly to ensure that at the end of the day your repossession is stopped dead in it’s tracks. In most cases they will do their best to resolve your dilemma.
One of the great things about these companies that buy houses for cash is that if they do end up buying your house they will often allow you to rent the property back after the sale has gone through. This can be very handy as most home owners facing repossession do not intent moving as they are close to their work, schools for their children etc.
In addition to the rent-back option, many companies will also offer you the choice to buy the property back from them in the future when your financial situation is in a more stable and healthy state. This means that you are simply renting the property back from them until such a time that you are able to buy the property back.
Remember that everyone’s problem and situation differs so it is important to seek professional advice before making a decision in terms of going forward. Just 5 minutes of speaking to an expert could improve your situation drastically.
One such company that has been known for its expert repossession help is Easy Home Sales They will only propose purchasing your property if all other options have been explored don’t seem to offer a solution. They are extremely helpful and it is most definitely worth giving them a try. They have successfully helped hundreds of distressed home owners every year, so there is a good chance that they will be able to help you out too.”
Dale Purdon, director and founder of IMAGINE Properties, Easy Home Sales any many more. Prior to setting up IMAGINE, Dale set out to build his own property portfolio in South Africa where he focused on acquiring high yielding rental properties in the lower end market and gained extensive experience in stock-sourcing as well as portfolio management.