Stop Repossession

London Homeowners, Do You Need To Stop Your Home Being Repossessed?

Naturally, contacting your mortgage lender is your first line of recourse against having your precious home repossessed. However, more often than not, homeowners run up against unsympathetic mortgage brokers who would happily take the keys to your home and leave you out on the streets. We understand that repossession is a terrible thing – not just because you have no place to live and have lost all your accumulated equity, but also because your credit score becomes damaged beyond repair and no one will want to give you a second chance at homeownership. Many people find that they are thrust down to the dregs of society, unable to rebound following repossession. Confidence is shattered and dreams are dashed. The good news is: we’re here to help!

FACT: There are over 176,100 mortgages in arrears by 2.5 percent or more.

FACT: There have been more than 28,400 repossessions this year.

FACT: Cash For London Homes have been saving distressed homeowners’ financial futures.

How Can We Help You And Stop Repossession?

What we can offer you is this: cash for your home right away. In some cases, homeowners have arranged to buy their homes back from us when their financial situation improves. In most cases, homeowners are happy to simply have the quick money and the opportunity to relocate somewhere more affordable.
Here’s how it works:

You contact us to stop repossession on your home.
One of our cash for houses experts appraises your property (for free).
We will make you an offer immediately or within 24 hours.
You can take the week to decide whether you like this offer or not.
If you agree, we’ll meet with you to fill out paperwork.
Within 1-2 weeks, you receive a big fat cheque for your home and a fair shake.

Benefits of using us to Stop your Repossession, even if you have no equity in your home:

Another option we offer homeowners that are facing repossession is a lease option. Lease options work very well when there is little or no equity in the home and reducing the price for a quick sale is simple not an option. A lease option contract offered by cash for London homes allows you the homeowner a more flexible way to sell your home at a later date but immediately stop making mortgage payments.

What is a Lease Option and how can it Stop your Repossession?

As the name suggest a lease option is a combination of both a ‘lease’ and an ‘option’ and work like this:

The Homeowner (seller) would give us (buyer) the option to buy your home at an agreed price which is quite often the market value and in some cases can be more than the current market value, sometime in the future (typically between 3-10 years, pre agreed between us and you). At the end or sometime during the course of the agreed time period we would purchase your home at the agreed price.

However, what’s great about this method is that during the agreed period, the buyer (Cash for London homes) would be responsible for your mortgage payments and maintenance of your home. Meaning NO MORE costly mortgage payments for you!

So let’s recap, with our stop repossession plan you…

ü Pay no fees or hidden charges

ü Resolve your problems in less than 2 weeks

ü Get money in your pocket to start anew

ü Keep your credit in-tact

ü Have the opportunity to negotiate a buy-back.