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Response to Requests for re-po'd property lists

from David J. Button (davidjohnbutton@supanet.com)
But surely if you have been repossessed, it is in your best interest if somebody comes along and buys it quickly rather than it stand empty/get vandalised etc. And remember, all the while interest charges are being added to your debt until the place is sold.

I appreciate it must be very upsetting to be repossessed and then to see your home bing sold, sometimes for a lot less than you agree with, but the time for arguing the action of the BS is when they approach you for the shortfall (if they ever do!) and as has been shown on this site, the BS will often agree a settlement figure of a lot less than the shortfall, particularly for those who are on benefits.

(posted 8027 days ago)

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