3 Surprising Ways You Could Lose Your House That You Need To Be Aware Of

By | April 6, 2016

canstockphoto12920413Buying a house and becoming a homeowner is something many of us strive towards. After months of planning, searching and saving your money, you finally have something to call your own. It’s a rewarding and fulfilling experience where you can create a beautiful home for you and your family to live in. But as upsetting as it may sound, there are ways in which your home can be taken from you, through no fault of your own. Leaving you in a vulnerable and homeless state. Even though some of these are out of your control, there are ways you can prepare and protect yourself and your home.

Eminent Domain

Eminent domain is not something that many homeowners know about. But it can change your life dramatically. Eminent domain gives the government and its agents the right to take private property for public use. So if the government wishes to build a road, library or hospital and your home is on an appealing site it could potentially be taken from you. Even though you may have paid off your mortgage and own the property outright, the government are still able to do this. This can be extremely upsetting for those involved as you could be forced out of a home you have lived in your entire life or built yourself. You should receive both written and verbal confirmation that states the intended public use of your land well in advance. Commonly people are encouraged to sell their homes to the local government beforehand and move elsewhere. While you may feel there is no other option you can get legal help and challenge the eminent domain of your land and property. This will be your best defence of trying to save your home. Attorneys should also be able to help you get the best deal possible if you disagree with the selling price or don’t wish to move. It is likely to be a long process, but the more knowledge you have now, the better prepared you will be. You could reach out to people who have been affected by this before or learn about developments in your area that could threaten your home. For more information on this topic, you can also look at sites like http://landownerattorneys.com/eminent-domain-attorneys-illinois.

Ending of your marriage

As upsetting as a divorce can be, sometimes it really is the only option for some couples. The ending of a marriage can change your everyday life in so many ways and losing your house unfortunately is one of them. Many people don’t realise the repercussions this breakdown in a relationship can have.  Your partner may force you out of your family home through legal proceedings. Or you may be unable to keep up with the mortgage repayments or utility bills without their income and financial support. Which can cause you to have to take out loans and develop debts you are unable to pay back. This can often lead to the bank taking your property from you. Losing your home could also stop you from seeing your children or working. It’s vital what when you are going through a divorce that you do what it takes to protect your rights. The best way of doing this is again, through a legal expert. Search for an experienced solicitor online that you can consult with about your possible options. They should be able to help you deal with the mortgage obligations, who owns the property and how to divide your assets equally. Make sure you are aware of whose name is on the mortgage and deed to the property. This will allow you to change it accordingly if you need to. While you can’t always predict how or when a divorce will happen, it’s always beneficial to know your rights should it occur. 

Damp and Mould

It may not seem like a big deal but damp and mould can make your home unsafe and unhygienic to live in. Damp walls, floors and ceilings in your home can make the foundation and structure uninhabitable and very hazardous. It can also cause you and your family to develop health issues such as asthma, bronchitis and eczema. If you already have these issues, being in a damp and mould ridden home will only make your condition worse. The last thing you want is for you home to develop life-threatening illnesses from your home. Social services, local governments and building experts will all be called upon should your home be unfit to live in. Usually, you will be given initial warnings and support, but if things do not begin to improve, they can forcibly remove you from your home. It’s hard to imagine that something as minor as a small area of mould could eventually make you lose your home. This is a surprise to many homeowners as mould and damp can often be treated before they become too severe. Damp can be caused in a number of ways which you may not know about. From leaking pipes to condensation from your appliances. It can also be found in the most unlikely place so make sure you do regular checks in every room. Particularly behind wardrobes, in dark corners and around windows. This should prevent a more severe mould issue from developing. To reduce the risk of this happening in your home, get some expert help to look behind walls, in your attic and underneath floorboards. 

With this guide to help you, you won’t be taken completely by surprise should these things happen. Losing your home is devastating for you and your family and can turn your world completely upside down. Even the smallest of issues could result in you becoming homeless. So do whatever it takes to avoid this from happening and put suitable plans in place.