Response to equity

Sell your property if you are sure that you can't meet your obligations. From bitter and lengthy experience I can tell you repossession should be your very last option. This is *not* a quick solution to your cash flow situation. Take out a home equity loan if there is that much "true" equity tied up in the property - extend your mortgage term and pay off your debts and the arrears.The BS will take what they are owed and then some - yes you will eventually get the rest but it could take months.They can and frequently do sell for far less than the market value, leaving you still owing them. Is that really what you want?

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