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Response to Halifax Voluntary Repossesions

from M Amos (idgroms@hotmail.com)
Mel,

I really think it would be better (if it's not too late) to sell the property yourself, even if it means for a rock bottom price. What makes you think the building society will get a better price? Highly unlikely that they will, and very likely they will get a worse price, because normally they just want to offload these properties as fast as possible. The end result will probably mean that you will wind up with a much bigger debt than if you did it yourself. Have you tried all the Housing Associations they may be able to help? Have you found out if there is a regeneration program in that area? Have you tried explaining the situation to the local council housing department or the Social Services? You never know you might strike lucky. Also keep trying to maintain the mortgage payments as best as possible during this time, it will at least help reduce the interest charges later. Try and avoid a mortgage shortfall as much as possible, you only have to read previous postings to see the aggro you will have for years to come if you don't. Let us know how the Halifax treat you. Good Luck.

Mark.

(posted 7647 days ago)

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