I had several calls this week from people calling my business Faster Property Sale. It amazes me the level of debt organisations allow people to get into. Mr Reynolds called to ask if I could buy his property and rent it back. On further investigation of the loans secured against his property we found he had £20,000 more secured against his property than it was worth on a full open market valuation. He was shocked to learn that some of the unsecured loans were now secured against his property.
The sad thing is if Mr Reynolds had contacted organisations such as the citizens advice bureau, or the consumer credit counselling service first, I suspect his unsecured loans would be much more managable with frozen interest and reduced monthly payments negotiated by them on his behalf. As it is now, the lenders are pushing for an eviction and Mr Reynolds is likely to lose his home.
I am working with the CAB to negotiate the lenders down to a lower settlement figure so that I can buy his property and help him back on his feet. It still annoys me that his lenders didn't help him earlier when he explained the difficulties he was having.
Just remeber, help is at hand, there's lots of free advice and helpful people out there and the earlier you act to sort things out the better the chances of a happy outcome.
Links to CAB and CCCS are provide on the right hand side of the homepage to this blog or you can call me to get some guidance on 0800 970 2933 or e-mail info@fasterpropertysale.com.
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