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Sell your property in negative equity

Posted in House in negative equity, How to sell my house quick, Personal stories | 0 comments

How Caren realised that her flat worth less than mortgage but she was looking for ways to sell your property in negative equity.

Caren’s story

“I was so excited when I finally found a flat I wanted to buy! It was a NEW and absolutely stanning apartment! The price was pretty high, however the building company offered to pay for me a 5% deposit, so I couldn’t resist the temptation and I bought my lovely flat back in 2009. I absolutely adore my home, but I need to relocate due to life changes, and the best option for me would be to sell the flat.  However in the last 3 years the value of my flat went down by £20,000, so I realised that my home worth less than I owe on it! I really didn’t know what to do. How can you sell your property in negative equity? All I knew is that I had to pay the shorfall between the value and the mortgage, but I didn’t have the money. I also didn’t want to rent it out for a long period, as I had to move away and didn’t want any extra concerns. I felt completely stuck! This is when I met with Dasha and realised there is another way to sell your property in negative equity, so I can sell my flat and move on! The paperwork with solicitors was finished fast and it took about 3 weeks to finish everything, which was great because I could plan my move easily.”