about to be reposessed

[leveya]

Can anyone advise me mortgage rescue fell through. now awaiting a letter to attend court. do i still pay any money to mortgage provider as the council canot rehouse till iv been to court.also i have a secured loan do i still pay this as iv not missed a payment on this one. i just dont earn the money anymore.
Tony

[bemetoday]

Firstly, there has to be a legal reason for your home to be repossessed. Secondly, Your home can not be repossessed before a court hearing. Only a judge can decide to repossess your house, not your mortgage lender. What you do now may affect the judges decision.

[admin]

If it looks likely that your house will be repossessed, consider selling your house below market value through a fast house sale.

[majimbo]

Most mortgage companies will allow you to work out some type of deal with them, even at the last possible moment. They may be able to offer you new possibilities that could even include them loaning you more money to clear your debts or starting a new payment plan. Even if you've gotten a court appearance letter, you should try to call your mortgage company.


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