House repossession

Stop house repossession:

Do you need help to prevent your house from being repossessed?

We can explain the recovery process of the house and help you sell your house quickly to prevent your house from being recovered.

The house repossession process:

If you are alone with the recovery process of the house, we can stop the recovery and offer you a quick sale with an end date that fits your needs.

The home recovery process is where the mortgage lender or the secured loan provider acquires the legal ownership of the property.

In terms of the wider payment process, this will be the last resort for the lenders. The previous contact should have been made regarding arrears; otherwise, contact the lender to request an explanation of the process they have followed. Contacting the lender can resolve situations, as they can set up payment plans before the recovery process begins. If no contact is made between you and the lender, the court will become a more likely option for reimbursement and recovery.

Repossession notice of hearing:

A hearing notice is where you are notified about a county court meeting.

You would meet with a county judge so they can decide if your finances will allow you to remain on the property. If they consider that they can not pay for the property, the process of recovering the house will begin.

If you can show improvement or a change in circumstances, you may be allowed to continue living on the property, with a payment plan in place.

The court requests the recovery of the house:

If the court issues a judgment for an order of possession, the judge will set an eviction date. This is usually around 28 days, but in specific circumstances, it can be extended up to 56 days.

In terms of legal costs, this is typically added to the lender's debt and payment plan, along with asset management fees and other professional and security fees.

If a suspended possession order is issued, you will be allowed to stay in your home if you meet the agreed terms, such as a payment plan.