Call Us: 1300 00 2734

Stop Repossession

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!


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