When you plan to buy a house on loan you will try your level best to avoid repossession. Repossession can have a severe effect on your credit history and you have to face a huge amount of stress and pain as your family home is taken away from you. To avoid repossession you should keep track of your finances. Confirm with lenders how much you will be paying each month, what date it comes out of your bank and the length of repayment scheme. This way you will have enough money in your bank account to cover the installment each month. Another way to avoid repossession is by telling lenders openly that you will not be able to pay one month's installment amount. Tell them your problems and agree a suitable payment scheme to get back on track without going through any courts. After trying all this, if you still face repossession problem you can opt for sell and rent back scheme. In a sell and rent back scheme you can stay in the same house as tenant. You don't have to leave your friends or relatives and your children their school. You can sell your house to us. We will finish the paper work within a few weeks and deposit cash in your bank account. The whole process will finish fast.