Property Solutions to Sell Your House Fast For Market Value
What is the difference between a Mesher and Martin order?
The difference is that a Mesher Order involves a divorce with children whereas a Martin Order doesn’t.
These orders are similar, as they are used to postpone the sale of the matrimonial home.
If my house is repossessed can I get another mortgage? Yes is the answer. But there’s a but & this depends how long since your repossession + other factors.
These factors include time since you were repossessed, whether you have a clean credit history since repossession, plus other factors too.
If your house is repossessed do you get any money back depends on how much equity you have in your home at the time it is repossessed.
Even if you have a reasonable amount of equity, you may still end up with nothing back from the mortgage company. Read this article to find out more.
A home repossession will remain on your credit report for up to six years. During the period where your credit report is affected by a repossession, you’ll struggle to obtain credit. But if you manage to obtain credit, it would be on unfavorable terms. Which means if you manage to obtain credit, you’ll end up paying a higher interest rate, as you represent a higher risk. Banks and other lending institutions make lending decisions based on how great a risk you represent in terms of defaulting on a loan. The worse your credit report is, the greater the risk of default.
Can’t sell house for what I owe. You may need to wait for the property market to pick up or take your house off the market to do a cheap makeover.
This article looks at 7 solutions where your home is worth less than what you on a mortgage secured on it.
How can I legally get out of my mortgage? This article runs through 7 options that work well Depending on your circumstances depends on which option is best.
If the reason you are looking to legally get out of your mortgage is divorce or separation, it’s better if you can agree amicably.
