Now let me open this up saying that having your home repossessed is never a good thing.  It can mean that you are homeless and stuck with bad credit.  To be honest, it won’t look good to any landlord that you submit an application to - if you couldn’t make your mortgage payments, then how will you pay rent?

Instead of heading down this road, there is a way to avoid becoming another one of your bank’s repossessed properties - and not have to move.

You see, there are companies that have a sell and rent back program.  Now, I am sure that you have never heard of this before, but the way it works is easy: they buy your house from you (which solves your current money crisis) and you can rent it from them.  That way, you do not have to move and can still have a roof over your head.  In fact, many of these programs also allow you to buy your house back at a later date when your finances are in order.