More and more people are leaving until the last minute before seeking a solution to stop repossession of their home.
Last Friday afternoon I got a call from a very stressed homeowner who called to ask us to stop his eviction order. We do this all the time but the eviction order had already been in place for at least 7 days and the bailiffs were due today (Monday)!
In other words the family had left it until barely a few hours before finding out what their options are. Sad as it is, in this case, this family will be evicted.
I asked the caller why he hadn't called us before because we almost certainly would have been able to help him and his family avoid repossession. He told me that they had had a possession order suspended last year, but then they had not paid their mortgage payments for the last 4 months.
Suddenly, he was amazed that he received a letter from the bailliffs announcing that they would be physically evicting the family and all their belongings within 24 hours.
The point about a suspended possession order from the court is that the possession order is valid, the judge has granted the lender the right to repossess your home, but has agreed to suspend the eviction so long as you pay the agreed amounts each month to repay your arrears. If like our caller, you break that agreement, then the lender does not have to go to court again to get an eviction order. Why? Well, because the original possession order was suspended, but not cancelled.
So, if you find yourself facing a situation like this please contact us right away because your options will be much greater and you can remain in control of what happens to you, your family and your home.
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Monday, 18 June 2007
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