marceatspies

hi all anyone know anything about house reposession?

XRdodgybird

not a lot, just that they usually let you get around 4-6 months into arrears before lenders start proceedings.

Best thing to do is go see a local financial adviser. My neighbour's just upped sticks and left his property cos local council have filed for bankruptcy over non-payment of council tax. But the financial adviser across the road told me that really, he didn't need to lose his house because he's going to be declared bankrupt, apparently there are ways and means around everything.....

Nath

Not sure if you meant buying one or having to go through one, but this website should answer a few questions:

http://www.moneysavingexpert.com/index.php

Have a browse through it or join up and ask if you cant find what your looking for, it really is worth its weight(so to say) in gold

Turbosystems

iTrader: (5)

Yes I do
If you don't pay your mortgage they kick you out of their house roflol

Nath

Thats not entirely true

http://news.bbc.co.uk/1/hi/england/m...er/7243246.stm

Turbosystems

iTrader: (5)

if i was the lender and you hadn't paid me i would kick you out after giving you plenty of opportunity to pay first of course

marceatspies

sorry lads i should of explained i had a look at a house and the person who owns it is getting repossed

bigchez

Don't they normally go to auction in that case? May get it for cheap.

fox

They do normally go to auction yes, But this guy is obviously trying to sell before repo
Use the situation to get house cheaper

marceatspies

yea thats what i'm trying to do