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Alternative to repossesion?

from Peter Charlton (pp.charlton@ntlworld.com)
If a couple had a property that was a good investment, with some equity and they became unable to continue the mortgage payments for reasons such as disability; rather than become repossessed, move to a smaller residence, with its conseqent upheaval or rely on the State to pay some of the mortgage interest; would it be possible for the couple to sell part of their home to a private or public organisation who would themselves benefit as well as the couple and their family who would not have their lives uprooted? This would be similar to Home Reversion Plans for the elderly. If anyone has any ideas how this could be done please wadvise, thank you. Peter Charlton
(posted 8023 days ago)

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