Property Repossession
Repossession occurs when a person defaults on their mortgages. Typically, this would happen two or three times before the lender takes action. Repossession can be a harrowing process for property owners. They often feel like they have nowhere to turn.
Without the right assistance, repossession occurs, and the buyer loses the property. It is now under the control of the lender. The lender has the legal authority to sell the repossessed property. This will usually start with the lender’s chosen estate agent. More often than not, a repossessed property will go to public auction. Typically, the property will be sold for below market value. Lenders wish to recoup their loan and are keen to secure a quick sale. However, property owners are still responsible for any shortfall in the sale.
Help After a Repossession
Immediate bank claims can assist even in the case of a completed repossession. Immediate Bank Claims has a decade of unrivaled experience in this notoriously complex issue. We offer independent and impartial assistance to clients who have lost their properties. Has your property been repossessed? Don’t delay any further.
Compensation for Property Lost to the Bank
Immediate bank claims can qualify clients who have lost property to the bank for compensation. There is help available after repossession for property owners
This can be achieved in certain circumstances, such as when lenders do not follow regulations or protocol. We can also assist property owners who have already lost properties after repossession in protecting other assets. In the case of an enforced repossession, you may feel like you have no options. However, all is not lost. Immediate bank claims are on hand to qualify you for compensation. We can also protect other assets from loss. We can help after repossession.
Call Immediate Bank Claims on 01216881811 for help after repossession.