Vulture funds shy away from court action on repossessing homes

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Funded by the Big Lottery,it’s an initiative of the Working Together for Advice (WTfA) project. 4. Don’t Ignore the Situation because it won’t go away unless you take action! It is vital that you attend the court hearings. The court process acts as a final check to make sure repossession is the last resort.

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Lender starts legal action to repossess the property. Procedures your lender can use to start to recover the arrears. Action you can take in the court. Your lender has a legal responsibility to take reasonable steps called pre-action requirements to try to find an alternative to repossession.

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Repossession is when your lender takes court action to repossess your home so they can sell it and recover the money you owe them. how to ask the court for an order to stop or delay your lender from repossessing your property, and how the court decides.

Do not shy away from the bank. Reach out to them and they will provide you with solutions to overcome your problem. The bank will provide you with options to make sure that your home is not repossessed. Avoid foreclosure or repossession of your home.

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