Sell Your Home For Cash & Stop Repossession
A “legal charge” against the property at Land Registry is held by your lender whover that bank etc, is..
When you sell your property they are the first creditor to be paid if you have other loans.
The “legal charge” or “Mortgage Deed” is a document which states that if you do not keep up with your payments on the loan, the lender can “repossess” your property and sell it to pay back the loan. Many lenders will instruct legal proceedings, if you miss more than two payments, to recover the monies owed.
If payments are not satisfied the lender will instruct solicitors to apply to the courts for a repossession order to repossess the property.
Once the property is repossessed you will be “evicted” and then sadly left homeless. A lender will look to sell the property for a quick sale, at a greatly reduced price and any monies left over are then repaid to you, in most cases there are no monies left over.
It may be better for you to sell the house quickly before your lenders repossess the property so please do not bury your head on the sand.
Contact us NOW to Stop Repossession, we will have our Solicitor contact all parties to stop the repossession immediately if there is still time, so please act now.
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