Auctioning your home will not ease your debts
By Abdul Milazi
From The Sunday Times
Cash-strapped property owners who auction their homes to settle debts could find themselves in even deeper trouble.
Just because you feel the credit cruch is eating you up like muesli, there is no reason to panic and sell off your house at auction. Rather seek a debt manager or established mortgage originator, they will get you a better price or may even be able to help you to hang on to your house.