Repossession and eviction can prove a real and terrifying nightmare to anyone whose debts have placed them in the position of losing their home.
Repossession, or the threat of repossession, is a misfortune that can strike even the most conscientious and responsible homeowner. Figures published by The Department for Constitutional Affairs on 4 August show that 33,180 mortgage possession actions were entered in England and Wales during the second quarter of 2006, a 17% increase from second quarter 2005.
The once-friendly and accommodating banks, building societies, and other lenders are suddenly unconcerned about your situation and are only interested in getting their money back as soon as possible.
Apart from the stress and anguish you face during the repossession or eviction proceedings, once the bank has repossessed your property, they sell your property for whatever they can get—or worse, put your home up for auction where repossessed properties can be undersold by as much as 20-30 percent, potentially leaving you still in debt as well as credit black-listed for future loans.
If you've decided that selling your property is really the only alternative left to you, going through an estate agent does not offer much of an option when you need to move quickly to pay off debts and protect your credit rating.
Your prospects may indeed look bleak, but MPG Investments' Sell and Rent Back option could be your answer.
MPG Investments can make a free value assessment of your property anywhere in the UK. Other property buying companies could charge up to £1000 just to make an offer - at MPG our value assessment is absolutely free – all part of our “No Fee” Promise. All we ask is that you are serious about selling to MPG.
We can buy your house for cash in as little as 24 hours to stop repossession or eviction proceedings. We then rent your home back to you at or below the average rental rates for your area. Your benefits include:
In exchange for releasing your equity and helping you pay off your debts, we benefit by making an offer below market value—an offer that could in fact be far greater than what you would get if the bank sells or auctions your home after repossession.
MPG Investments' Sell and Rent Back option helps you keep your home and clear your debts. Your neighbours need never know that you faced eviction or even that you've sold your property.
To find out how MPG Investments can end the threat of repossession, call us today on 020 8732 3555 or email us at enquiry@mpginvestments.co.uk for more information.
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