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T O P I C R E V I E W
elizabeth_w
Posted - 14 February 2009 : 13:22:13 We were made bankrupt in 2007 we have received a letter saying that the beneficial interest in our property is £9000.00 if my son purchases this does it mean he has to pay any outstanding mortage and other finance attached to the property or does he purchase the property for the £9000.00
1 L A T E S T R E P L I E S (Newest First)
John
Posted - 14 February 2009 : 13:56:23 Hi
the £9000 is adjudged your interest in the property and must be paid to the OR, perhaps by your son, for you to retain it.
The mortgage and any other loans secured against the property will remain your liability as, therefore, will the repayments.
