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T O P I C R E V I E W
Karen.kk	Posted - 25 February 2011 : 09:57:59 My house is in negative equity (Ł45k) and I was discharged from bankruptcy on 5th Feb 2011. I signed an IPA for Ł60 per month in Dec 2010 but my IP is now applying to court for an IPO of Ł400 per month saying my mortgage payments are too high. Nothing has changed since I signed the IPA. I have asked if I can buy the BI but he has said that he will sell it to me for the value of the IPO application of Ł14,400 and to carry on with the IPA. Can the IP apply for an IPO after I signed an IPO and I have been discharged? Also, is he allowed to ask for the total of IPO in exchange for the BI?
1 L A T E S T R E P L I E S (Newest First)
Skippy	Posted - 25 February 2011 : 10:00:22 Hi Karen and welcome to the forum. I'm sorry, I can't advise you about this as I know very little about property, but one of the professional experts will be along soon. View my blog at http://skippy13.blogs.iva.co.uk/ Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money. Last IPA payment made on 28th June 2010 - it's over at last!

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