Real Estate - Real Estate Investment

House
repossession is now at record levels. If you get repossessed, your
name will be added to the Possessions Register and all the major
credit agencies will be notified. Your credit rating will be
adversely affected. Few mortgage lenders would want to lend to anyone
who has been repossessed so you may never be qualified for another
loan or mortgage again.

Rent
back companies work closely with a debt management company who may be
able to write off some of your borrowings and stop your house
repossession.

Court
Process:

1.
Summons for Possession - The first stage of the process. A date and
time is given for the hearing.
2.
The Hearing - The most usual outcome is the court issuing a
possession order, which is usually up to 2 months.
3.
Bailiffs warrant - At this stage you will be given a date to leave
and you could be forcibly removed from your house by the court
bailiff. At this point, it can be stopped only if you pay your
arrears immediately, and in some cases, the whole mortgage loan in
full.

UK
Rent Back My Property firm can stop you being repossessed. Sell
your home and rent it back. Then once your finances and credit
are sorted buy your property back.