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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 (£45k) and I was discharged from bankruptcy on 5th Feb 2011. I signed an IPA for £60 per month in Dec 2010 but my IP is now applying to court for an IPO of £400 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 £14,400 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.