Archive for Debts
May
28
I need to reestablish my credit, how can i do this quick?
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Some family friends need to sell their house quick and its a great deal, pretty much a steal and i want it bad… the only problem is, I have no credit with a few collectors all for medical and one for a phone bill, so i have been denied for a home loan, ive tried country wide and a regular bank. I only need $100,000. My fiancee has same credit problem as me….what can i do to have be approved for a home loan a month from now… at least 2-3 months tops…. My car is on a 5 year note in my dads name, we are going to refinance it into my name this week with any luck, we will have to see what the bank says….. will that help me, the loan officer said we each need 3 open lines of credit.. ow do we do this? I hasve already been denied for department store cards, due to unpaid past bills…… any good secured credit cards I can try? I am desperate and hopeless…please help, I could really use something good happening to me and my fiancee, we have both had it prett bad!!!!
will my car loan help me or hurt me? is it okay if i dont pay off al my debts right now…he also has back child support, i think he owes 10, 000….. he is current on his new but hasnt paid the arears yet!!! ANY ADVICE IS APPRECIATED!!!
Passive Income
Apr
25
How to Stop Repossession Dead in Its Tracks With a Sell & Rent Back Scheme
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If you looking to stop repossession dead in its tracks then you may be interested in the popular solution being used though out the UK referred to mostly as the “Sell & Rent Back Scheme”
If you are already in the position were you home has actively being repossessed it still may not be too late to get help, even if you moments away from being evicted. In this situation if you have not managed to come to any agreement with the lender that will allow you to stay in your own home you can still approach company’s that specialise in dealing with repossessions, this can be a good alternative if faced with loosing your home completely and could help you stop repossession in its tracks.
It is important to remember that the lenders do not want to actually want to repossess property. It is an expensive and drawn out process. Lenders make their money from lending money out and charging interest which just happens to be secured against the property, it is also an inconvenience to them to try and evict you.
how this scheme works is simple in order to avoid eviction and repossession by the lender a privet investor is able to give you an on the spot quote for a percentage of the market value this will include being able to clear all your debts along with the outstanding balance things like any secured loans associated with the property will also be cleared as well as things like mortgage arrears. After the transaction has taken place if you have opted for the rent back option you will be able to stay in the property as tenant, it is not uncommon for these schemes to include a buy back option. So if your financial situation improves during this time you can opt in for the ability to buy your property back from the investor at a later stage if your situation improves.
The “Sell & Rent Back Scheme” ensures that all your debts with the lender and associated with the property is clear this includes the outstanding balance on the mortgage but other things like secured loans and mortgage arrears
You will find that the lenders are more than happy to call off an eviction in the favour of one of these schemes as for them being able to get their money back in full without having to go though the expensive process of eviction, repossession and chasing you for money outstanding will be very appealing to them. For this reason they are very useful at stopping eviction dead in its tracks.
go now to http://www.avoidhomerepossession.co.uk/
Sell and Rent Back
Apr
19
Fast Property Sale to Stop Repossession Can it be Done? Yes All You Need to Do is.
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If you find your self facing repossession of your property and are looking for a fast property sale to escape the situation you may have already have noticed that the UK property market is not as fluid as it once was, many homes on the market selling for under market rates still receive little or no attention as the property crisis and the credit crunch begin to sweep the UK.
How ever there is a solution that will enable you to make that “Fast Property Sale” but its not from individuals looking to live in your home. A new market has emerged were investors are able to to setup deals that go under the name of “Sell & Rent Back Schemes”
The nature of these schemes to for an investor to purchase the property quickly to help the individual or family affected from being evicted then it will allow them to remain in the property as tenants, and if disused before hand many of these deals usually include the option of buying back the property later on if your financial situation improves this can be a nice solution for those that really like their house but due to current financial conditions would otherwise loose the ability not only to stay in their house to re take ownership of it once they have consolidated their position.
Even if you find yourself in the position were you are facing eviction one of these deals can halt it in its tracks as you will find lenders much more happy to take this rout and see their payment in full than to go though the time consuming and lengthy process of repossessing your property and chasing you for the remaining debts that were not covered when it was sold at auction.
Rent Back
