How Do You Stop The House Repossession Process?
Step one of the home repossession process: If you miss two or more mortgage repayments, your mortgage lender is legally entitled to kick off the repossession process. But before they call on the legal system, their internal debt management department will get in touch. They will try their best to advise you, finding the cause of the problem and suggesting practical solutions. If they can help, they will, repossessing your house is a last resort. Keep all the correspondence about any new agreement you reach, and make detailed notes. If things don’t improve, you might need them later. Step two: After a few more months of unpaid arrears your lender, or more likely their lawyer, will write you a letter. This will warn you that they’re poised to begin the repossession process by taking you to court. At the same time they can apply for a house repossession order. Step three: The court will send you a summons, this letter tells you the date of your hearing. Step four: If you don’t turn up and
