Is a bank or financial institution trying to repossess your
property and you need help rectifying the situation?
Mortgage Repossessions are on the rise and the last thing
you want is for the Bank/Financial Institution to take your property and sell
it.
If they take your property and sell it for you there are a
few things you need to be aware of.
1. If you have equity
in your property, that does not necessarily mean that you will get some money
back. In many cases you will be in debt if they sell your property for you.
They will have fees and charges for:
The Real Estate Agency who sells the property for them
(Average cost of $15,000)
Sheriff’s Fees, Solicitor Fees, Court Fees and many other
fees & charges (Average cost $45,000+)
2. Expecting the
Bank/Financial Institution to get a good selling price for you
This is a big mistake if you believe they will want to get
the best possible price for your property so you can get some money back. All
they are interested in is getting their money back ASAP and if that means
selling your property for well under what it is worth they will do that.
3. If there is any shortfall when they sell your property after
they have taken out all their fees and charges etc (which in the majority of cases there is) they will then aggressively
pursue you for the remaining balance.
These are just some of the issues that will arise if you allow
them to repossess your property and sell it for you.
Call Us NOW on 1300 00 2734 because we can stop this situation happening to you!
