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Pre-possession Assisted Sale gives consumers an alternative to repossession

15 January 2008

movewithus Asset Management are working with banks and lenders to provide an innovative alternative to repossession and proactively manage ongoing debt provision.

The movewithus Pre-possession service is a unique offering which gives customers in difficult financial situations the chance to sell their property at open market value and use the equity to repay their debts, giving customers a clear alternative to possession or selling at a distressed value.

Peter Gammon, asset management director at movewithus, said: “Through talking to our existing clients, it was clear that many lenders were predicting high increases in debt provision and possession cases. Our product allows lenders to offer their customers independent support and gives people in difficult financial situations a chance to start afresh.”

Not only is it a great deal for both the consumers and lenders but it means movewithus' member agents receive additional instructions with committed vendors ready to sell quickly. 

Peter Gammon added: “Of course, the priority in these situations is to sell the clients properties quickly to avoid repossession. movewithus market the properties with the correct agent and manage every stage of the sale progress. The client also has the option of using movewithus’ maintenance department to make the home more attractive to buyers.”

In tough times, when the credit crunch is hitting both consumers and agents, movewithus’ Pre-possession service is designed to help both parties by helping consumers stay financially afloat and agents to gain a supply of property, priced to sell quickly.