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T O P I C R E V I E W
emma7
Posted - 27 January 2010 : 14:54:31 I have managed to keep up payments on my mortgage and secured loan will i lose my house if i go bankrupt with all my other debts.
2 L A T E S T R E P L I E S (Newest First)
Richard P
Posted - 27 January 2010 : 15:15:31 forgot to say well done for maintining mortgage payments
it will make it easier to retain the property
regards Richard
Richard P
Posted - 27 January 2010 : 15:07:42 Hi Emma
Not necessarily so
If you have a a large amount of equity the OR, may dictate that you sell the property or find someone to buy back the equity (beneficial interest) but this is done in slow time
the big question is with the mortgage and second charge, will it be cheaper to rent or stay in the house, i know the heart always says stay put, but what makes best finacial sense for you and your family
