Sell and Rent Back

Selling house fast to avoid repossession from a cash sale

Selling house would be one way that you could avoid repossession if you have fallen into arrears with your mortgage. While this may be a way to stop the lender taking your home it is no good if you want to remain in the home. If this is the case then you could still sell but you would need to consider selling with a company that offers a sale and rent back agreement.

With such a company you may be able to get cash for house, though usually around 70% of the value of your home, pay off the mortgage lender and then pay rent each month to remain in the home as a tenant, for a limited period of time.

You would be able to apply online and  know whether this was an option that you could look into further or whether you would have to look elsewhere and take a different approach to avoid having your home taken from you. If you did decide to sell this way then the whole process could help you to avoid repossession.

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