I like the old Maori proverb, Ma whero ma pango ka oti ai te mahi – With red and black the work will be complete. It doesn’t just remind us of how it is important to cooperate to reach a goal, it tells us how we can use different resources to attain a goal. Not all Kiwis […]

The road to a mortgagee sale often seems like an unstoppable downward spiral. If you do not urgently seek financial assistance, you may find yourself unable to meet your obligations and lose your biggest investment yet. Perhaps you’ve lost your job or had a relationship go south. Maybe it’s an illness that forced you out […]

When a bank lends you money to buy a home, the bank secures a charge over the property. Upon full repayment, the lender discharges the property. However, if you fail to make payments, the lender can take possession of the asset and sell the property to settle the loan. Mortgagee sales are often stressful. It […]

There is no winner in a mortgagee sale situation. Both parties lose. The borrower goes through immense stress, and the lender loses a client. The mortgagee sale process also sends a ‘negative vibe’ to other clients. Lenders prefer to avoid a mortgagee sale situation. Nevertheless, when the borrower is persistently unresponsive, the lender will engage […]

A mortgage rescue plan is a term used to describe a strategy to stop a mortgagee sale. The term sounds macho and has a sense of urgency because in most cases, the borrower is desperate to be ‘rescued.’ The lender would have already triggered the process by serving a demand for payment, and a Property […]

Life can throw a curve at you and push you beyond your means. If something that creates a strain on your finances happens, and you cannot afford to make your mortgage payments, don’t hide it. Act fast! The sooner you take action, the better the chances of avoiding a mortgagee sale. If you fail to […]

How to Stop a Mortgagee Sale Before It’s Too Late Life can throw a curve ball at anyone. Perhaps you are facing an income dip and just cannot afford your mortgage payments anymore. There’s lots of advice out there about how you can raise extra income, including renting out the house while you downgrade to […]

How to Avoid a Mortgagee Sale on Your Investment Property  Many people wish to own an investment property, however very few people have the liquidity of cash to buy a property outright, so having a mortgage is one of the best ways of owning an investment property in New Zealand, many banks prefer dealing with investors. Low-interest rates […]

Facing a Mortgagee Sale? Here Are Some of Your Rights and What to Expect from the Lender  The process of Mortgagee sale can be a stressful one, more so to the distressed homeowner. Although the bank or lender has the right to look out for their interests, the odds are often in their favor. A broke […]

Facing a Mortgagee Sale? Here are 4 ways which may help the process  Without a doubt, facing a mortgagee sale is a scary prospect. Nonetheless, receiving a PLA Notice does not necessarily mean that you will automatically lose your home. You can do many things to help which may buy more time; this could help you to get back […]