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 I own a 27% share of a house

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T O P I C    R E V I E W
Neil.nm Posted - 20 April 2011 : 17:14:08
I own a 27% share of a house - this is noted on the deeds. The owner of the balance has just declared themself bankrupt. They are responsible for the mortgage on the property. How am I likely to be affected?
3   L A T E S T    R E P L I E S    (Newest First)
debtinfo Posted - 20 April 2011 : 18:11:12
Also are you on the mortgage
Viki.W Posted - 20 April 2011 : 17:43:55
Hi Neil,

It really depends on the person's circumstances, do you know if there is any equity? Do you live there? Does that person live in the property?

Lots of questions, maybe speak to an expert.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
Niobe Posted - 20 April 2011 : 17:32:40
Hi Neil and welcome to the forum.

Not an idea on this one I'm afraid. Hopefully one of the experts can help.

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx

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