All Forums  archive  Forum Questions  Please could youmprovide info about buying back property ?

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Jaz.jd[/i] [br]Hi I declared bankruptcy in nearly 3 months ago. at the time i decided that i would give up my shared ownnership property and let it be repossesed, as there was no way that i would be able to afford to pay off the rent arrears. my mortgage has now agreed to add the arrears onto my outstanding mortgage balance. therefore i am now considering keeping my property as the monthly payment would be affordable. the property is currently in negative equity, but i am worried about what could happen in the future if there was positive equity. i have read something about buying back the equity in the property for £1, but want to know more about how this works and how i would buy it back and would this protect my property in the future? please can you provide some further information? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.