House repossession procedure - Court rulings The House Repossession Procedure Can Involve Many Court Rulings

House repossession procedure - Court rulings The House Repossession Procedure Can Involve Many Court Rulings

The court hearing in a house repossession procedure is an important part of the entire process. It is a hearing that will be used to determine if a person will be able to stay in one's home or if that person is going to have to move out of it through an eviction. This is a very important thing to see because of how a judge could rule in either the favour of the homeowner or in favour of the lender.

The judge is going to have the main say on what will happen in the house repossession procedure. The judge is going to look into all of the data that relates to an individual case to see who should be favoured. The judge is going to work with one of four rulings in the house repossession procedure. These rulings are listed here with ones benefitting the homeowner first and ones benefitting the lender last.

The first option involves a strike out of the repossession. This is going to work to effectively end the house repossession procedure. The judge will have found that a person is looking to sell one's home and that a potential buyer has been found. This is something that will be easier to handle in the event that a person has actually gotten a cash offer on one's property. A strike out can also occur in the event that the lender does not have a legitimate kind of case against a homeowner for one's property.

An adjournment can also take place in this part of the house repossession procedure. This is not a cancellation of the house repossession procedure but rather a delay in the procedure. It works in that the home will be up for review a couple of weeks after the initial hearing has taken place. This will be used as a means of allowing a person to be able to have some additional time to work with in order to get a home sale handled or to at least catch up on one's home arrears.

The third option is a suspended possession order. This is a compromise between the lender and the homeowner where a lender will allow a homeowner to pay back one's arrears over time. An installment plan that has been created by a judge will be used here. The plan will work to allow a person to pay off the debts on a monthly basis. This will have to be followed properly so that the person will not be put at risk of being evicted from a property.

Finally there is the possession order. This is the end of the house repossession procedure in that it will allow the lender to evict a person from one's property. The eviction date will be about one or two months after the notice was first established. The person who is living in the house must leave the property when the notice is posted. The person can be faced with a bailiff's warrant in the event that the person fails to move from one's home to another.

Those are the four rulings that a judge can provide in this part of the house repossession procedure. The judge will use these ruling options as a means of making sure that a person will be able to find out a way to avoid repossession if necessary. However, in some cases the judge will not be as lenient and will force a person out of the property. It will help for anyone who is heading to court for a repossession hearing to understand how this all works.

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