THE fallout of the January 2011 floods is ever present for residents of the Lockyer Valley as more and more residents face losing their homes.
Salvation Army Moneycare financial counsellor George Nathan said there was an emerging trend of home repossessions in the valley, with his service assisting at least seven families facing eviction.
"The problem we are seeing at the moment is that people are simply leaving it too late to get assistance," Mr Nathan said.
"By the time we are involved, in some of the cases we aren't able to offer assistance.
"There were lots of jobs lost after the flood and people were working through their savings and now they have come to the end of them.
"A lot of people aren't aware that there is some compensation available and eligible people can receive up to $20,000 from the Department of Communities for mortgage payments."
He said families and residents in this situation must seek help sooner rather than later.
"If you receive a letter from a financial services provider requesting you pay the arrears you should seek assistance immediately," he said.
"If you wait and do nothing, chances are you will receive a notice of default pursuant to section 88 of the National Credit code.
"If you continue to do nothing, there is a high chance you will lose your home."
Mr Nathan said there was some protection for residents facing repossession of their homes.
"The financial service provider must issue you with a default notice and can't proceed without it. At this point consumers have the right to lodge a dispute with the ombudsman," he said.
"Once a dispute is lodged with the ombudsman, all actions are placed on hold until the dispute is resolved and this is where we can help, negotiating with banks and lenders.
"There is more protection for consumers now than most people realise."
LJ Hooker Gatton and Laidley principal John Boyd said there had been a noticeable difference in the amount of mortgagee and possessions sales coming across their books.
"Before the flood we were lucky to have one every three months now we have up to 10 a month," he said.
"The shame of it is that the cost of living has risen in relation to fuel, power, water and rates.
"There are ways for people to avoid losing their homes and it's about talking to the right people when they get into difficulty, talking to their banks."
Residents facing eviction or requiring assistance phone Moneycare in Gatton on 5462 2610 or in Laidley on 5465 1889.
Located in the heart of Wilsonton, close to all amenities is this solid 3 bedroom chamfer on brick home. With eat in kitchen, large lounge room and front sunroom.
Enjoy the space and peaceful living opportunity this 2.7 acre property offers. There is a tidy, well maintained 3 bedroom brick home with front veranda, private...
Cheap price but with plenty to offer! This solid 3 bedroom, brick home has been well cared for by its current owner. The living areas include separate dining area...
If you snooze, you lose - a rare opportunity to acquire either 1 in the complex or purchase all five units. Renovate and add immediate value to your property...
Every so often in real estate, you come across a property that offers more than bedrooms and a view. This stunning contemporary home is set apart by its lifestyle...
Enjoy the convenience of being only minutes to the CBD First time offered to the market and never been vacant. Be quick on this one whether you're an astute...
Move in and take up residence or rent it out straight away for a great yield - the choice is yours! This lovely three bedroom brick and tile home has recently...
This character filled home that enjoys a leafy outlook from every room and peacefully located in a desirable area of Rangeville. The well built home is well...
If you love a country atmosphere, an inspection of this three bedroom home on an elevated acre is a must. There are high cathedral ceilings in the kitchen, dining...
Desirable, old gracious lady positioned on 10,000m2 awaits your immediate inspection. This well presented high set home represents an ideal opportunity for the...
Join the Community.
Get your local news, your way.
Update your news preferences and get the latest news delivered to your inbox.