Home Loan/Sequestration Advice ?

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Peachybabes

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I have recently been sequestrated, ( wich took a long time) , and on the advice of my attorney I have evacuated my house as it would form part of the sequestration. Ive recently learnt that the house is still on my name, and that the bank has not taken any action ( about a year and a half after moving out) and I've alsp discovered that very little of my creditors have taken any action. I think I might have been wrongly advised by my attorney. I could not go under debt councelling as I had a business ( wich is being liquidated on the advice of my attorney too).
The house is empty, and I believe that banks are not keen to reposess properties as there are so many already.
What i need to know is , If i phoned them whould there be a chance of me getting my property back , maybe if I made them an offer of a lower montly repayment for 24 months or something to that accord ?The house is empty ( still) and I really think me and the bank both can benefit from such an arrangement as I currently pay rent in any case ?
What would be the right way to handle this , and what are the chances ?

Thanks :confused:
 
Banks are ALWAYS open to talking..

They would rather work something out than repossess your property.
 
agreed.

They will much rather take less money, than no money and the hassle of repossession and auctioning.
 
The bank is not even aware that the property is standing empty. They may not even be aware that they have reposessed it. Move back in and change the locks. I bet they do not even notice. I read recently in a newspaper about some scumbag lawyer whos house has been sold from under him and the new owner cannot move in 'cos he refuses to move out. IF they find out you are officially a squatter and then it will be even tougher for them to get you out of there.
 
It is really best you talk to the bank. I remember I was given the advice that it is better to always approach the bank when you see problems coming and rather than when the problems are deep. I'm sure the bank can work something out with you I have a friend who worked out some arrangement with the bank.
 
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