Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
kellsy
Posted - 20 May 2009 : 19:59:14 Hi, i would like to ask what would happen to your mortgage(in negative equity) if after going bankrupt you stopped/couldn't pay?
2 L A T E S T R E P L I E S (Newest First)
kellsy
Posted - 21 May 2009 : 00:42:52 thanks Thats exactly what i ment but wouldnt the mortgage co chase you for the difference between its worth and mortgage? ...it was suggested to me that to do exacyly what you are saying and when trying to open a basic account give your last address as abroad they cant tie you with any bad debt unless you give them any of your previous address's!!!!! i wont have the time to do this now as im being hounded by tyhe HM revenue...
emdaz
Posted - 20 May 2009 : 20:41:05 I dont know if this is what you mean or will help you, but we stopped paying our mortgage on purpose saving the cash for a rental, so when we go BR in couple wks, we will lose our house (thats what we want to do) as its neg equity too.
