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spike-50
Starting Member
United Kingdom
2 Posts |
 Posted - 16 November 2012 : 13:38:53
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ive been lurking and reading for a while now , so heres my question
i went bankrupt in may , its not what i wanted but no other way out .
it took 3 months for a firm to get in touch and tell me thye are my OR,
i share the mortgage with my partner , we have 3 children and foster ,the house has about £50k equity after taking out the mortgage .
a couple of weeks ago we both got letters from the land registry telling us they had put a charge on the house which we expected but still made me really sad it had come to this .
the OR has nevr been in touch except the letter telling us thye had put a charge on the house , how do i find out what price they put on our house ?
do they wait until the 2-1/2 years are up and have it valued then ?
my partner took over paying the mortgage and has been paying more in to it than required to try to get it paid off , is this wise ?
still feel really peed off about all this and still not sleeping |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 16 November 2012 : 13:49:54
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Hi and welcome to the forum.
Do you jointly own the home? I presume you do, in which case, your share of the equity will need to be paid to the official receiver. Have you had your telephone/face to face meeting with the examiner, as this should have all been discussed with you much sooner.
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 |
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spike-50
Starting Member
United Kingdom
2 Posts |
Posted - 16 November 2012 : 14:44:26
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thanks for getting back to me , yes ive had my telephone call but to be honest i have been so upset/mad /annoyed with all this i have either missed bits or just not heard /been told,
i understand my half of the equity has to be paid but when do they decide how much the equity is ? what i mean is , the mortgage will be lower in 2 years so the equity will be higher , do we just pay enough to keep the mortgage company happy till its sorted ? |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 16 November 2012 : 16:38:02
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If you want to keep your home and can afford to stay there then just pay the normal monthly payments. I would imagine they will be in touch very soon to claim your share. But they have up to May 2015 to deal with it.
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 |
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