Q&A: can i sell my house, whilst in arrears?

Question by Donna: can i sell my house, whilst in arrears?
Can i sell my house whilst i am in arrears with mortgage lender, I also have a secured loan on house and am in arrears with that too :( Even if we do sell i dont think we would make enough to pay off both mortgage and secured loan, what would happen then?
How do i go about getting a short sale? Who do i contact?
Is this short sale available in Scotland? And what is a realtor i can seem to find any when i search.

Best answer:

Answer by Mrs HarleyBrat
Call a REALTOR – have them start marketing the home as a short sale – that will get you out from under both loans & if your agent does it right – they’ll get the amount undersold (still owed the bank) written off and forgiven with a reasonable offer
Good Luck

Add your own answer in the comments!

Sell My House Fast.wmv

Stop home repossession, stop debts, help with debts, help with repossession, debt management, Merton, St Helliers, Morden, London, sell my house fast, sell my house quickly, sell my house fast, sell my house in London, sell my house quick, help sell my house, debt council

Q&A: Anybody know of an FSA approved sell and rent back company in or near Birmingham?

Question by Robert: Anybody know of an FSA approved sell and rent back company in or near Birmingham?
I am looking for a sell and rent back company based in or around Birmingham as I need to stop my repossession fast? I want to find an FSA approved company as there are only a few who are registered.

Thank you in advance :0)

Best answer:

Answer by jane
HI I used a company in Birmingham Called National Buyers they stopped my repossession fast and I am still living in my house, just renting it back :0) They where very nice and helped me through a very difficult time if your looking to sell and rent here is there address http://www.nationalbuyers.co.uk/sellandrent/sell-and-rent-back.html

Good luck and all the best

Snoochie :)

What do you think? Answer below!

Sell and Rent Back Your Home

How does sell and rent back work. – Avoid repossession sell your home and rent it back. No hassle, no costs and no HIPs. www.BeeseProperties.com helps you to keep your home safe.
Video Rating: 0 / 5

Tags: , , ,

Free Valuation – Sell Home Fast

www.sell-home-fast.co.uk – We can buy your house fast for CASH (exchange contracts within seven days). There will be no cost to you – no further mortgage payments, no estate agent’s commission, no hidden charges, no survey fees or legal fees.

I am facing repossession, how can I sell my house quickly?

Question by Pinkie P: I am facing repossession, how can I sell my house quickly?
I do have negative equity and need a quick sale…

Best answer:

Answer by DrKK
If you have negative equity, can you pay what you owe? Almost certainly not. That’s why you’re facing foreclosure.

The lender isn’t going to necessarily agree to the short sale, sir. Let’s say you can get 0k for the house but you owe 0k on it (standard negative equity situation). The lender holds a LIEN on the deed, i.e., you cannot SELL this house without their consent if, as a term of the sale, you will not collect proceeds equal to or exceeding the amount of the lien.

What I am trying to say is, if you have negative equity, then *YOU* cannot sell it, without the bank agreeing to what is called a “short sale”, which, depending upon how badly off you are in this loan, they are unlikely to agree to.

I would say you are screwed.

Add your own answer in the comments!

Sell Home Fast – No Hassle From The Open Market

www.sell-home-fast.co.uk – We can buy your house fast for CASH (exchange contracts within seven days). There will be no cost to you – no further mortgage payments, no estate agent’s commission, no hidden charges, no survey fees or legal fees.
Video Rating: 0 / 5

Squatters have pledged to set up a “free school” in two properties owned by film director Guy Ritchie which they have taken over in central London. The adjoining town houses, located in Fitzroy Square, Fitzrovia, have been occupied since Sunday by a group called Really Free School. A repossession order, issued by Central London County Court, has been taped to the doors by the star’s solicitors.
Video Rating: 0 / 5

Sell House Fast – Stop Repossession – Yellow Springbok

Offers advice on how to sell property fast and stop home repossession; fast property solutions help people get connected with leading cash home buyers in UK.
Video Rating: 5 / 5

Learn How To Sell Your Own House Fast

Learn How To Sell Your Own House Fast
Teaches home owners how to use creative techniques to sell their own houses. High demand information in current housing market.
Learn How To Sell Your Own House Fast

Personalized Sales Letters
Increase Your Response Rate and Sales Conversions Without overhauling your sales copy…
Personalized Sales Letters

Tags: , , ,

Q&A: SELL MY HOUSE? Repossession or Fast Sale?

Question by Tomez: SELL MY HOUSE? Repossession or Fast Sale?
Hello, 2 years ago I put my house on the market for £115,000, after the price crash and all the other crap that happened in the country i dropped it to >in excess of £96,000, after i had no joy and a growing family we decided to rent out the house and we would rent a house, we got tenants very quickly and are paying £550 a month which covers the mortgage and a bit extra in case anything goes wrong.
But now after the hassle of tenants struggling to pay due to loss of jobs and house needing maintenance we’ve decided we need to get rid of the house FAST!!!!!
So please tell me what is the best thing to do get repossessed or sell to a fastsale agency? If you have any info on either of these 2 possibilities please let me know as I am racking my brain searching on the net and speaking to cocky estate agents. Thank you in advance.

Best answer:

Answer by bull_rooster_aardvark
Needing to sell a house fast is a bad position to be in. From the sound of the number you are throwing out could you, maybe, get a 2nd mortgage or home equity line (or just refinance) to pull $$$ out of the house to tide you over until you sell, and then you won’t be pushed to sell so fast. I suspect you may not have the income to qualify for a new loan but if you can do this I’d try it.

Beyond this, the best way to sell the house fast is just to sell it for well below market value, but as bad as things are now its still dicey as to whether or not the buyers will be able to close and lots of other stuff. Anyhow, just lowering the price is the way to go. Of course you can get repossessed but again, from the numbers you gave me (96K sales price but just 550/ month rent) it sounds like there should be alot of equity in the place.

What do you think? Answer below!