It is said, difficulties don’t come alone. And most often they come unannounced. You may just be enjoying a pretty smooth going and all of a sudden you might find yourself bang in the middle of a financial crisis.

It could be due to a sudden setback in your investments in, say, the stock markets, or a sudden downsizing in your company which leaves you with a pink slip and little else or any such misfortune that pushes you towards fund crunch and possibly debt.. In any such situation, it is essential for you to handle it with patience and prudence as any wrong step at this time can add to your troubles.

Of course, there are all kinds of options open to deal with the problem, such as taking a loan from the bank or borrowing from family and friends. But when there is an emergency and you need the cash fast, these options are something that you can’t rely upon.

Usually, when faced with such overbearing situations, people opt to sell their assets. At such a critical time, if you are an owner of a house, the fastest way to raise money without getting into further debts in to sell your house.

Even if you have made up your mind to sell your house fast, finding good buyers or a good value for the house is not an easy task. Thinking of availing the services of a real estate agent is simply out of question when you want the transaction to be done fast. Selling your house in the conventional way through estate agents can take you a long time. Besides, there is no guarantee of success.

So how do I sell my house fast then, you may wonder. Yes, without doubt, selling your house is not the easiest or the fastest thing to manage, especially if you approach estate agents for it.

On the contrary, cash property buyers move quickly through negotiations and paper work to close the sale of your house in less than a month. They get you an offer after just one viewing and close the deal within four weeks. Thanks to their cash deals, you quickly get the cash in hand without any hassles.

Although, the price offered by cash property buyers looks to be lower than what your house may fetch in the market, the difference actually does not work out to be a loss since a deal with cash property buyers does not need you to pay any legal fees, agent’s fees, survey fees or any other hidden charges. Besides, what could take months is settled in days.

The biggest plus point is that you get timely help to tide over your financial troubles. Not only that, cash property buyers also provide a sell and rent back option where the home owner can continue to stay in his home till further arrangements are made.

If you are looking to tide of a financial crisis by releasing the equity in your house, you can think of selling your house to cash property buyers. You can still stay in the house as a tenant.

As a landlord you can seek possession of your house if your tenant is persistently late with the rent, has broken the terms of the contract or your property is under the treat of repossession and you need to sell your house fast etc.

In my last posting I discussed about two court proceedings to remove your tenants - Accelerated possession procedure and Rent arrears ground. Both methods have their pros and cons. Here are some points to consider when making the choice:

• If all your paperwork is complete, to the point and correct, you can pursue accelerated possession procedure quite easily. With all the paperwork handy, nothing can stop you from obtaining possession order. And it’s comparatively fast too.
• If getting rid of your tenants matters more to you than the due payments, then it’s wise to go for the accelerated possession procedure and serve a section 21 notice. You do have to wait longer but in the end rest assured that you would get the possession order from the court.
• Accelerated Possession Procedure is also better if there are chances that your tenant might retaliate by saying that the property is in bad condition and requires urgent repair work and instead claim for compensation.
• However if you wish to seek all the rent from the tenant then the accelerated method is not preferable. You may get the possession order but you can not claim any rent. Therefore in that case, rent arrears ground procedure is better.
• Rent Arrears Ground procedure is ideal choice in case you are not receiving rent and the tenancy period still has long time to end.
• You serve section 8 notice to your tenant under rent arrears process. But if your tenant manages to pay rent arrears before the hearing date, then you cannot obtain the possession order. You do get the payments but it’s irritating especially if you want to evict the tenant.

Which method you choose in order to evict tenants depends upon you and the circumstances. But if you don’t wish to go through all the hassles associated with these court proceedings, then you can directly approach cash property buyers which help in dealing with landlord tenant issues much faster. You can get rid of your tenants and sell your house to these property buying companies and get paid in cash.

The wrinkles on the face of Mrs. & Mr. Ben have started growing prominent for the past 5-6 months. Mrs.Ben works in a departmental store as an Accountant while Mr.Ben was to retire from the post of Purchasing Manager from a Govt. owned Construction Company. In their heydays, they managed to buy a house in Glasgow on mortgage. The term of mortgage was fixed for 25 years and it’s now been 19 years of successful repayment with no bounce backs of checks from Mr. Ben’s bank account.

This was Mr. Ben’s last month in the job and Mrs. Ben was not physically fit to continue with her present job. The increasing power of her lenses was sometimes being cheated by the numbers in the account book. A serious error in book keeping can cost her job anytime and she could foresee this for sure despite her myopic vision. Her mistake gnawed at her conscience.

Mrs. & Mr. Ben have not been able to saved a lot and now what Mr. Ben would be getting after retirement can only support for their living. The problem was to find a solution that can help them to repay their mortgage balance.

Unfortunately they do not have any child who could bear their responsibilities. There was no option left but to sell their only home. They started with a classified ad in newspaper. The response was poor and discouraging. With 7 years of mortgage repayment still left and limited physical movements actually made the task of finding a potential buyer even tougher.

The folds in the wrinkles of this couple clearly narrate the story of their pains. It’s just a few days left in retirement and the couple has no means to support their present lifestyle for longer.

Besides, once they have sold they need to find a new house on rent too. They tried to sell property through real estate agents but could not find any potential buyer who could carry forward the repayment of their mortgage balance.

Mr. Ben retired before the house could be sold and Mrs. Ben was asked to resign as she figured 860 as 360 causing a loss of 500 pounds to the owner. This was not the first time she happened to misread numbers. Now she is looking for another job where she does not have to deal with numbers.

3 months past and the couple started feeling the burden of heavy mortgage repayments. While reading the morning newspaper, Mr. Ben eyes stuck to the headline of an article that said “sell house fast and rent back”. Mr. Ben could feel the blood gushing towards his heart making it pump faster. He hungrily read the lines.

The article talked about cash buyers and private investors who purchase property in cash within 28 days and offer you the option of living in the same house on rent. Mr. Ben switched on his Laptop to check the website http://www.sellhousefastcash.co.uk as mentioned in the article. He immediately send online query and waited for their call.

An hour later Mrs.Ben picked the phone and inform Mr. Ben that they are ready to buy our house and will pay us by cash. They will take care of the remaining mortgage and we can continue living in the same house as renter. Seven days later, Mrs. and Mr.Ben were basking under the sun, sipping morning tea and planning to visit some of the relatives in Dover.

The house was sold. They had enough cash in bank and do not have to worry for the mortgage repayments.

Repossessions are taking place in such large numbers in UK that I am afraid situation would become as bad as in USA.

I can’t describe how bad I felt when I saw my best friend’s house being repossessed. Sam was in tears. His mother was crying aloud. My heart went out to them. It was such a terrible sight. I was cursing those mortgage lenders who had turned so rude and harsh. Just some time ago these very guys were politeness personified when Sam had approached them. How can people be so inhuman? It pained me so much seeing my friend becoming homeless.

It all started when Sam approached a mortgage lending company for a loan to buy a home. The sub-prime loan meant for people with low income and damaged credit report was granted to him at an interest rate higher than other loans. At that point of time I tried to reason with him. But he told me firmly, “I need to buy a house and this is as good a time as can be. I know the interests are on the higher side. But I will manage I know.” I didn’t say a word after that.

Over a period of time, Sam found it difficult to cough up huge mortgage payments. After all he was the only bread earner in the family. He had to take care of his ailing mother and younger brother too. For some time he pressed on somehow, but after a few months he fell behind on the mortgage payments.

Soon he got a repossession order from his creditor. He tried to convince them that once his condition improves he would clear all his dues. But they turned a deaf ear. They were the same people who were so eager to offer Sam a loan even when they were very much aware that he wasn’t a high earner.

And now that he had a few mortgage payments piled up, these lenders turned so wicked. Gosh! People are so mean. Even I dint have enough funds to help him get out of the situation. Eventually he lost his house. I get goose bumps every time I think of that day. It was such a terrible day. Wish Sam could prevent it somehow.

Seriously common man has suffered a lot because of this sub-prime crisis. True, economy has been affected badly. But the common man has suffered the most, he has become homeless.

Just a few days back my colleague, John narrated to me how he managed to sail through the same problem by selling off his home. It took care of the remaining mortgage payments and with the cash he go, he cleared the dues he had got piled up due to all the financial juggling he had had to do.

He told me there are cash property buyers who are ready to help people in such situations. They purchase properties for cash payments and make the deal happen in a matter of few weeks. They don’t charge any fees and also offer the opportunity to sell your home and then rent it back. Not just that, you can also buy back your property from these cash house buyers in future when you become financially strong.

I was stunned to hear about this. Nobody suggested this idea to us that time. How badly I wish I had known about this earlier. May be Sam wouldn’t have been homeless.

I would suggest anybody in a similar situation to sell your house in order to save it. And save your credit worthiness too.

Imagine how would it feel if one day you suddenly find yourself thrown out of your job. You have lost your job and you stand the risk of losing your house too. The company I was working with had gone bankrupt. The rot had set in earlier but only the company’s top brass new about it, rest of us had no inkling. We had heard that the company was facing some trouble and that it was being sorted out.

All of a sudden when we were told that we had no job! My world crashed around me. How would I take care of my two children and pay the mortgage for my house now? The future seemed so dark.

I applied for a job everywhere I could think of, went to consultants, gave endless interviews. But all in vain. Since I was out of work; I was unable to make the payments. Carol, my wife worked in a departmental store. But she was not earning enough to run the house as well as pay the mortgage arrears too.

As I was expecting it, soon I was contacted by my mortgage lender regarding repossession of my home. I tried to convince my creditor that I would clear all his dues once I get a job. But the lender told me bluntly, “Pay the mortgage or forget about your home.” Home repossession in the UK is increasing I had heard but had never thought it would hit me below the belt.

Jesus, I can’t describe the fear of watching auctioneers sell,my home away in the auction. I badly wanted a miracle which could prevent repossession. Shall I sell my home myself? But the thought of going through the rigmarole of estate agents, their fees, the legal fees, sundry other payments….x y z….is too scary.

I had seen what my sister went through when she tried to sell her house via agents. They make you wait for months or even a year before your house is being finally sold. And I was running short of time.

Then my colleague and friend, Matthew suggested me to get in touch with cash investors who buy property really fast and without any hassles. I wasn’t too sure of it. But then I didn’t have any other option. So I checked out this property buying company online

Matthew was right. It is an organization of cash investors who like angels pulled me out of the crisis. The deal was completed in less than a month. It immediately put a halt to the home repossession process. These investors bought my property and paid me in cash. And what’s more I even rented back my home.

My creditworthiness is intact. That cash helped me pay off my creditors and I didn’t even vacate my home. Sure they were angels.