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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?
