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Bankruptcy vs. Quick Sale

As a means to stop repossession, bankruptcy could be a solution. If you are considering bankruptcy or a quick sale, you should consider the important factors to help you decide wisely.

Cost Effective

Compared to a bankruptcy, a quick sale does not require lengthy and costly court proceedings. In a bankruptcy, you would have to hire a solicitor to negotiate terms and conditions of an Individual Voluntary Arrangement. This arrangement is between the homeowner and the creditors but overseen by the bankruptcy court. Aside from this, there is a risk that you would have to move out of your home especially if your assets, including your property, are sequestered. This means additional cost for moving out and paying deposit for temporary housing arrangements. A quick sale agreement with Rent Back Direct does not involve any added cost and you would also be offered a Rent Back and Buy Back option.

Less Stressful

Since bankruptcies can be lengthy, you would have to subject your self and family to months of mental, financial and even physical stress. Attending court bankruptcy hearings is a must as well as trying to look for a reliable bankruptcy lawyer who will make sure that your situation will be handled accordingly. On the other hand, a quick sale offer from Rent Back Direct would be straightforward and convenient. All our associates are highly qualified to handle all types of situations and everything will be worry-free and hassle-free.

Speedier Transactions

With a quick sale from Rent Back Direct, you can expect speedier transactions as well as custom-made plans to settle your mortgage arrears. All transactions are handled directly by our associates and there would be no third party or agent involved. In a matter of weeks, you will have the funds to cover your mortgage debt and you will no longer be subjected to the inconveniences of bankruptcy proceedings.

With Rent Back Direct, quick sales will always be efficient and reliable. We purchase properties located anywhere and in whatever condition. Facing repossession need not be scary as long as you trust us to help you with your short and long term needs.