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 I own a 27% share of a house		  New Topic  Reply to Topic
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Neil.nm
Starting Member



1 Posts
Posted - 20 April 2011 :  17:14:08  Show Profile  Visit Neil.nm's Homepage  Reply with Quote
I own a 27% share of a house - this is noted on the deeds. The owner of the balance has just declared themself bankrupt. They are responsible for the mortgage on the property. How am I likely to be affected?

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 20 April 2011 :  17:32:40  Show Profile  Reply with Quote
Hi Neil and welcome to the forum.

Not an idea on this one I'm afraid. Hopefully one of the experts can help.

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 20 April 2011 :  17:43:55  Show Profile  Reply with Quote
Hi Neil,

It really depends on the person's circumstances, do you know if there is any equity? Do you live there? Does that person live in the property?

Lots of questions, maybe speak to an expert.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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debtinfo
forum expert



2826 Posts
Posted - 20 April 2011 :  18:11:12  Show Profile  Reply with Quote
Also are you on the mortgage
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