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T O P I C R E V I E W
lee756
Posted - 23 February 2009 : 12:29:31 MY OUTSTANDING MORTGAGE BALANCE IS 154000 PLUS A SECURED LOAN OF 48000 TOTAL 202000 ALL WITH THE SAME BANK.MY HOUSE VALUE AS OF THIS WEEK IS APPOX-150000 TO 155000.A NEGTIVE BALANCE OF APPOX-50000.WOULD I LOSE MY HOUSE????
1 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 23 February 2009 : 12:43:45 If you went bankrupt, provided you can maintain the mortgage and secured loan payments you would have no difficulty in keeping the house as there is no equity in the property. The big decision is whether or not you have abilty to move forward financially whilst also maintingin the mortgage and secured loan payments.
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
