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T O P I C R E V I E W
Dee
Posted - 07 March 2009 : 17:07:49 Hi
I went BR last May and the official receiver has written to us recently re the beneficial interest in our property (They didn't receive all the info they required at the time of the BR)We are trying to decide whether we should get someone to purchase the BI. The house is now in Ne Equity by approx £30k and I can see it increasing that much over the next 3 years. Do you think we should ride it out until the 3 years are up or pay the £400+ fees to purchse it?
21 IPA payments made, 15 to go - on the home straight!
John
Posted - 07 March 2009 : 20:21:49 Hi Dee
please don't take this the wrong way but if I knew the answer to that I would be making a fortune in the city - in its present state who knows which way the economy will go. By the way the fees are £211 + £1 + £1 if you are joint owners and both bankrupt.
So do you spend the £213 and have peace of mind or take the chance on property values? Only you can decide Dee. For me it's simple, at the age I am I have long since accepted that you should always expect the unexpected and if £213 removes what is potentially a real headache later I'd part with it gladly.
