HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 New Questions
 Forum Questions
 Mortgage secured on the property...or not

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
Check here to subscribe to this topic.
   

T O P I C    R E V I E W
Mike62 Posted - 23 August 2010 : 10:24:51
Hi all,

We had our meeting with the O.R. three weeks ago, and he will be passing our case out to an insolvancy practioner. We spoke to the mortgage company today and after asking various questions, one thing has got us a little puzzled. They said because our mortgage is secured on the property that the O.R. can't sell it. They then went on to say that until they had reveiwed the paperwork from the O.R. they couldn't be 100% certain on that, why wouldn't they be certain?, surely it either is set ion stone or it isn't?.

Does anyone have a veiw on this?, we thought it was a forgone conclusion that we'd loose the house, equity is about 16K at the moment.

Thanks eveyone, Mike.
1   L A T E S T    R E P L I E S    (Newest First)
debtinfo Posted - 23 August 2010 : 17:41:18
I think it is just them not being to clever. The OR (or IP) can sell the property if there is equity, it my need them to go to court and be a bit of a hassle but they can sell it, If they do sell it and the mortgage is secured on the property then of course the mortgage will be paid first

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06