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Yes. If you don't remortgage, you can almost be assured that your property will be auctioned off to the highest bidder. The goal is to delay the repossession as long as possible so you will be allowed to prepare for reminders about payments, solicitors, and--when the time comes--upcoming court dates.

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12y ago

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Related Questions

Where might one with bad credit go to get a mortgage or remortgage?

One is able to go get a mortgage or remortgage although there having bad credit at U Switch. This is able to help one with money problems get what they want and has a small overview.


What is replevlin?

The judicial method of repossession - in other words most states allow for self-help repossession but when a repossession can not be accomplished using self-help the lender will file an action in court to recover the property


What is Self help repossession?

It means YOU do it YOURSELF.


How can you get a copy of your repossession paper when the company will not help?

If it was a wrongful repossession, get an attorney and they will get a copy of it. Otherwise, what could you possibly do with it?


Where might one find out more information about remortgage fees?

Information on remortgage fees can be found on TD Canada Trust Mortgage Options, CMHC, FCAC-ACFC Mortgage Help, CIBC Mortgages and Lloyd's TSB Mortgage Fees.


What is the process of reposession of RV in California?

you need to take care of this situation ASAP or you will be court ordered to give up the car! My advice would be to get proffessional help, they will be able to stop repo, help with car payments, lower monthly payments, lower interest rates, get you caught up to date on your payments, stop repossession, and avoid repossession!


Who is responsible for damage to the yard during a repossession in Florida?

The LIENHOLDER is ultimately responsible for anything that happens during a self help repossession.


Can police help the repossession men take your car in Michigan?

Possibly, but they can certainly prevent you from interfering, as it is no longer your car, hence the repossession.


Where can one find help for a remortgage?

To find help and advice about remortgaging a property, one should speak to their bank or mortgage adviser. Alternatively, seek advice from a financial expert.


Can a lender help avoid you having to pay for a car you cannot afford?

When you bought the car, the lender paid the dealer for the car, and you are making payments to the lender, plus interest. The lender will not help you avoid paying him.


Where can one find repossession help for free?

One can obtain repossession help for free from public defenders who will take the case. This question is kind of difficult, so please tell give me a positive grade on it and be understanding.


What is the law on repossession of property in Michigan?

Self help and you may not breach the peace.