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T O P I C R E V I E W
panicked-mum
Posted - 12 July 2009 : 22:07:06 We've posted our keys back to NR. They contacted us a few days ago to ask if they could do anything to help us stay in the property (which is a joke seeing as they wouldn't accept reduced payments prior to sending the keys back!) and when we said no they said they'd send out some legal documents which needed to be signed and returned within 7 days to enable them to repossess the property. The paperss have arrived but I'm unsure whether we should sign them. I know I've read before on here that some people have not sent them back and some people have crossed things out and then sent it back! It does state that they have the right to pursue us to recover any shortfall - if we signed it doe this apply even after the BR? I need them to take possession quickly as still liable for CT at old address until they do but don't want to regret any hasty action!!
3 L A T E S T R E P L I E S (Newest First)
gettingoutofdebt
Posted - 14 July 2009 : 09:46:00 Just put a rough amount of the shortfall on the SOA i.e. the outstanding mortgage amount minus the approx value of the property. It doesn't need to be an exact amount as the OR will contact the mortgage company to find out the exact details during her investigations.
panicked-mum
Posted - 14 July 2009 : 09:04:19 Thanks Jan,
I think we'll send it back with that bit crossed out as just want them to get on with it! If it's not sold by the time we declare bankrupt then how will I know what to put on our paperwork re any shortfall?
I don't think I'm ever gonna run out of questions, ha ha!!
Niobe
Posted - 12 July 2009 : 22:29:28 Don't sign anything which allows them to come after you for the shortfall. Either refuse to sign the papers, or cross that bit out.
The shortfall will covered by your BR, but if you sign that bit, I believe that it does give them the right to come after you for the shortfall.
Send them back saying you refuse to sign them.
If you can't manage to pay the council tax, then anything up to the date of BR will be included.
