If you are struggling to meet your monthly mortgage arrears or you have already fell behind with your repayments life is one big worry. If there is no hope of you repaying your mortgage arrears and you are months behind with your repayments, then of course it is only a matter of time before that final letter from the lender drops through your door telling you they are repossessing.

While you may not have the finds to be able to catch up with your mortgage arrears and continue meeting your mortgage repayments there still may be some hope that you are able to avoid the stigma associated with repossession and better yet, remain in the property.

If you are able to get a quick sale of the property for cash and pay off the arrears along with the mortgage, you will escape repossession and may have some cash left over from sale depending on the amount of equity there is in the home. Of course when selling property by traditional means of an estate agent you have to leave the property, if you manage to get a fast sale. If you choose to sell to a company offering a sale and rent back solution then you get the best of both worlds. You are able to sell your home, avoid repossession and remain in it by paying rent each month that is typically more affordable than your mortgage repayment. Read the rest of this entry »