Repossession has reached unprecedented highs, with a shape increase as much as a 65% increase of home owners could be in danger of being repossessed. If you fall into this category and your are in fear of being repossessed read on as there are solutions that you and other people can use before its too late that will allow you to continue living in your own home. There are many company’s now offering services such as “Sell & Rent Back” & “Rent & Buy Back”.For Additional hints Visit to cash for homes Richmond.
Sell And Rent Back-The basic the idea behind the sell and rent back solution is simple, even if your days or hours away from being repossessed the company’s specialising in this field are able to review your circumstances have your property valued and give you a quote their and then in cash that you can accept to sell your property this will allow you to immediately settle the outstanding balance and any fee’s interest and arrears you may have in connection with the property and then continue living the property as a tenant. This can be a very good option if your house is about to be taken away from you and save the hassle of having to find somewhere else to live.
Rent And Buy Back
This is exactly the same as the option described above apart from there is a clause that enables you to buy back the property from the company at a later date if your financial situation improves this may even include being able to buy it for a discounted rate depending on what kind of arrangement that you come to. Of course if you wish you can always sell the property and move to another one to rent instead if you prefer this is always an option for you.
The main benefit of these kind of deals even if an eviction is in full swing it can stop it dead in its tracks because at the end of the day the lender does not wish to repossess your property if they can avoid it, so when informed by the company wishing to buy it that they wish to do so they will be more than happy to cancel the repossession from taking place as this would ensure further costs to them that they do not wish to pay. What ever your solution you should always seek professional advice about your situation as everyone’s situation is different and their may be options available for your specific circumstances. Everyone’s circumstances are unique, in order to make the best decision it always pays to seek expert advice.