| T O P I C R E V I E W |
| crawfo |
Posted - 26 October 2009 : 17:09:22
i went bankrupt in 2008 ,i am now discharged and in the process of buying back my property from the or for £1. just before i went bankrupt i signed a second mortgage on my property , because it wasnt registered before i went bankrupt the or turned it into an unsecured debt. i find out now that the second mortgage has been submitted . is this possible. |
| 5 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 27 October 2009 : 07:30:36
If you signed for a secured loan i don't see how the OR could turn it into an unsecured one unless you didn't keep the property. Did you always intend to purchhase the BI? |
| wellerchic |
Posted - 26 October 2009 : 21:29:33
Hi
How long have you been discharged, I thought you had to buy the Ben Interest before the year of BR was up.
Can the OR contact after discharge to offer this?
Gill x
There is light at the end of the tunnel, I can actually see it !!!! |
| debtinfo |
Posted - 26 October 2009 : 21:08:34
They have a period of time to register the charge, not sure how long it is |
| crawfo |
Posted - 26 October 2009 : 19:44:03
quote:
Originally posted by RHB
Is your property still in negative equity without the secured loan on it?
yes it is still in negative equity with the first mortgage |
| RHB |
Posted - 26 October 2009 : 17:53:01
Is your property still in negative equity without the secured loan on it? |
