Information On Court Hearings
We can help you by buying your home fast and quickly working with the equity release method to avoid or stop repossession progressing. This is obviously by far the better way to deal with a situation like this than to let your real estate taken away by your mortgage company and leave you with nothing. At the same time we feel it will definitely help if you already have been issued a court hearing from your county court relating to the repossession of your home, to be able to have some knowledge about property law and on how to deal with it appropriately and control the situation as much as possible. We have provided the following information on court hearing and ways you can deal with it and hope it will serve some help for the time being.
First Thing To Do - Do Not Ignore The Court Summons!
If the situation gets out of hand and the county court has been it touch by issuing a court summons, never ignore it. It is always better to co-operate with the law body. The court will instruct you to a hearing with a specified date, time and venue. They will also ask you for a host of information and your intention. Fill in the form accurately describing your intention whether it is to stay in the property or you want to sell the property etc. The court will request you to forward your income and outgoings details. They are mostly likely to give you the opportunity to confirm you can keep up with the current monthly payments and ask for your arrangements to clear an amount of the mortgage arrears. You can contact the Citizens Advice Bureau (CAB) for sound advice. The can often help to construct a reply which can help your case. In all cases do this without delays and post it back as soon as you can. Send it back by registered post and it is wise to keep a photocopy of the form for reference in case you need to prove you had taken good measures in the future.
Get In Touch With Your Lender At The Earliest Opportunity
Contact your mortgage lender and keep them updated and informed of your intention. It is never a bad idea to dialogue with them regarding your arrears and see is a viable alternative option is possible even at this stage. Ask them can something be worked out and stop any proceeding by offering a realistic payment plan towards the debt through a period of time and at the same time agree to meet your current monthly payments.
Court Hearing Day And What To Do
When the day comes your lender will have presented their case to the court and the court will also consider your case. Always attend this date even if further arrangements or agreements have been previously made with your lender. If you miss this court hearing it will go against you and help your lender gain rights for possession of your property faster. The District Judge will have to look into both sides situation and can come up one out of a few outcomes. They can Adjourn the case normally requiring more information in order to proceed. They can Adjourn Indefinitely if you can offer to settle the arrears to date. Or they can suspend the possession order if you can confirm payment of the present month and at the same time offer to come up with realistic arrangements for clearing your arrears.
Finally if the District Judge is not satisfied with the offer from you or you can not back up your case with sufficient evidence to support it, the District Judge will award the lender an order for possession. A date and time will be determined for this to be implemented.
Always try to work along with the county court to come up with a solution with payments and always make them aware you want to stay in your home if that is what you want.
Remember we can help by giving you a fast and quick sale completion of your property to avoid repossession happening. Instead of the lender auctioning off your property at a rock bottom amount, we can look into working with the equity in your property plus keeping you in your home by our option to sell and rent your home back. All this can be done if you contact QSP® for assistance. We assist property owners with issues like this through the United Kingdom particularly in Scotland.
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- » Explaining repossession procedures and process
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