Can someone tell me what the difference is between surrendering the house back to the mortgage company and missing payments for 3 months and letting court proceedings commence? thanks in advance x
The reason that many people remain in the family house and miss 3 - 5 payments is that they are effectively having fre accomodation while they save up for court fees and rental deposits.
If you have already moved and have the money for the court then there is no reason to hold on for this.
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
voluntary repo and mortgage co. repo
Posted - 12 September 2008 : 21:48:24
