Posts Tagged ‘Real Estate’

We Saved Our Home with Repossession Stoppers

Wednesday, September 15th, 2010

Are you also hit hard by the economic downturn? Are you afraid of losing your house, which you saved so hard for? Then I can surely relate to you because some months ago I was at the verge of losing the house that we built two years earlier. My wife and I planned everything very carefully and actually we were on a good way of paying our loan back. But then the crisis happened and we ended up with financial problems. The bank almost took over our home and we were about to be evicted. But then we learned about a solution for our desperate situation. Actually it was a friend who happened to be in the same situation who told me that I could sell and rent back my house. Until that point I didn’t know that such a rent back scheme existed but nonetheless it saved us from being evicted.

We availed of the service of Repossession Stoppers. Their scheme is simple and yet genius. They are linking desperate homeowners whose houses are under the threat of repossession to cash buyers. Thus, the house does not go to the bank, but to another owner. The former owner of the house is then renting his old house back from the buyer. After we contacted Repossession Stoppers, they quickly found a cash buyer and the deal was done. We could stay in the house and even had some extra cash from the sale. Otherwise we would have lost it. Therefore we can recommend to everybody in the UK who is in such a situation to check out Repossession Stoppers.