I was declared bankrupt last year but the house was safe, however the property is under jeopardy and we have been told we can voluntarily sell it to Northern Rock, who will give less then what it is worth. What can we do ?
Thank you RHB. We are hopefull thats the case but The voluntary surrender letter from Northern Rock states that we are liable for the shortfall inc selling fees and any interest that will be added until the point of sale, so does that mean we are better off waiting for repossession to take effect? If we have to wait for repossession are we able to move out of the property before the repossession date? Its all so very confusing.
I was declared bankrupt last year but the house was safe.
Posted - 15 May 2012 : 16:28:33
