Negative Equity

Tansy_1980

If firms are willing to do a shortfall sale through an organisation like Negative Equity NI, they may also be willing to negotiate directly with the borrower. Some borrowers will be more capable of doing this than others, but there are probably people who can ill afford to pay a middleman such as Negative Equity NI to carry out the work and if they're confident that they can effectively express themselves, it's probably worth trying to do it yourself first. I'm sure an independent (and free) advice agency like CAB or Housing Rights (which has a dedicated free court representation service for people who are facing repossession) might be able to give people pointers if they're considering selling whilst in negative equity.

http://www.housingadviceni.org/rent-or-mortgage-arrears/worried-about-negative-equity

Maybe this government taskforce might have something positive to report on initiatives to help those in negative equity who want to move soon: https://www.dsdni.gov.uk/topics/housing/housing-repossessions-taskforce

redped

LauraCDFF wrote: »

Negative equity is only a problem if you want to sell your home, so if he doesn't want to sell - he's fine, if he does however, and not get a LOW offer, he really should speak to a local team of experts like NegativeEquityNI.com . They are authorised and regulated by the Financial Conduct Authority.

Get all options before any big moves.

Are you Laura the Digital Marketing Executive listed on http://www.negativeequityni.com/about-us/meet-team?

saverbuyer

Is laura also connected to http://www.fasthousesaleni.co.uk/ another one of cdfairfieldcapital's companies along with negative equity NI.


So one company can refer you to the other. In negative equity, no problem we'll buy your house.


Basically a "we buy any house" outfit.


We offer a “trade value” for property in exchange for a quick sale.


What does that even mean Laura?


Did you ask permission from CAP and Housing Advice to use their logos?

motorguy

saverbuyer wrote: »

Is laura also connected to http://www.fasthousesaleni.co.uk/ another one of cdfairfieldcapital's companies along with negative equity NI.


So one company can refer you to the other. In negative equity, no problem we'll buy your house.


Basically a wee buy any house outfit.


We offer a “trade value” for property in exchange for a quick sale.


What do that even mean Laura?


Did you ask permission from CAP and Housing Advice to use their logos?

So LauraCDFF, the CDFF stands for CD Fairfield?

Can we all mark her post as SPAM and have the mods decide?

kateyk24

this is useless if your friend has a mortgage on the property. The mortgage lender will have to consent to any sell and they quite simply will not if it appears for even a second that this is less than market value. also any "chunk of cash" released will go straight to the mortgage lender so your friend wont see it.