Hello, I've read your section about Bankruptcy and property owned. My house is in a lot of negative equity so I understand the receiver wont be interested in this. However, once they have taken possession of this, what happens with my current mortgage? Does that still remain in my name and I continue to pay it as normal? Also, say for example I get my sister to by the deeds back for the £1 fee. Does she need to get a mortgage on the property or again, does the mortgage stay in my name and I pay it as normal? Thanks for your help with this.
What happens to my current mortgage once house has been possessed ?
Posted - 04 February 2012 : 08:30:08
