by Warran Loynes | Jun 24, 2022 | Repossessions
‘Full & final settlement’ means that a mortgage/loan lender(s) let a homeowner pay an agreed lump sum that is less than the balance owed. In return for having a lump-sum payment, the lender agrees cease any possession proceedings and to write off the rest of the...
by Warran Loynes | Dec 20, 2021 | Quick Loan news, Quick Sale news, Repossessions
A Forced Sale Value (FSV) or 90 day value refers to the value of a property if it is sold within 90 days, whether through estate agents, liquidators or auctioneers, often to a much smaller pool of buyers than seen in the open market To sell a property within 90 days...
by Warran Loynes | Dec 20, 2018 | Repossessions
If a vendor has been able to develop a plausible solution to repay the lender after a repossession order has been granted and before the eviction date, then the court can call an emergency hearing for the case to be re-heard. However, the solution to repay the lender...
by Warran Loynes | Dec 20, 2018 | Repossessions
Repossessed properties sold for 60-70% of their true market price, GB average of 63%. Northern Ireland has been the foremost affected, wherever repossessed properties sold for approximately 42% of their true market price. The sale price will need to not only clear...
by Warran Loynes | Dec 19, 2018 | Quick Sale news
Not all quick-sale companies treat customers fairly. Quick-sale property companies can provide an excellent service, but some companies insist on property owners signing ‘lock-out’ or ‘exclusivity’ agreements. A cash purchase should less than...
