If I offer to pay full outstanding amounts will the possession order that has been sent me be suspended. the order is for our home to be repossessed on sept 26greenspun.com : LUSENET : Repossession : One Thread
If we pay the full amount outstanding before the date of repossion which will be on 26 sept will this avoid repossession or do they ned the full amount of loan. How can we stop it?
-- jill gibbons (email@example.com), August 30, 2000
It depends on your lender and how you do it. If there is already an order against your property, you are probably gong to need to get a solicitor to apply to have it deferred or removed by proving that you will pay it.
Some lenders fight this, some don't.
If you have now found the money to pay the outstanding amount be getting another loan or by consolidating debts then I suggest you let the house go. In my opinion, there is no benefit to be gained from borrowing money to pay off arrears.
-- Lee (firstname.lastname@example.org), September 01, 2000.