Placing your house into a property auction is often considered the last resort for homeowners seeking to stop repossessions. Many, however, are realising that sell property, rent back schemes can help them tackle money problems.
Winning the lottery is, you would think, sufficient to look forward to a debt free future. Not for one such winner, who was unable to stop repossessions taking place on his home and possessions.
The level of sub-prime lending in the United States is often thought to be a prime cause of the financial problems in the UK and to stop repossessions from reaching record levels, lessons need to be learnt from their situation.
The prediction that there could be increased job losses as unemployment figures have risen by their largest increase since April 2006 means more homeowners might be pushed into a sell house, rent back scheme.
