| Author |
 Topic  |
|
|
huntersrishon
Junior Member
189 Posts |
 Posted - 02 October 2008 : 19:23:52
|
Hi
Could anyone give us some advice. Our mortgage payment was due yesterday and we cancelled the DD at the weekend. We had a phone call today saying call them urgentley. Do we tell them we are going BR in a couple of weeks, do we try to aviod their calls, do we say we are trying to raise the money for the end of the month as hubby has been made redundant. Dont know what to do for the best - if we tell them we are going BR does that mean they can get us out quicker???? The mortgage company are Advantage part of the Morgan Stanley group, they have a really bad reputation.
Does anyone know the best way to go.
Dee  |
|
|
soscared
Junior Member
United Kingdom
229 Posts |
Posted - 02 October 2008 : 19:29:59
|
hi i went bankrupt today
i have missed 3 mortgage payments and have not contacted them at all. i moved into rented house on 1st sept..all the post goes to the mortgaged address and the telephone there is no longer on so i have avoided everything...i just collect the post put the letter in a file. not really had any nasty letters just letters asking us to contact them asap. |
 |
|
|
Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 02 October 2008 : 19:45:21
|
Hi Dee
Is it your intention to let the house go as in repo if it is i would just do as soscared has done.
I missed 2 payments on mine just before BR so i could get the fees together, as i wanted to stay i ignored the letters till we came back from the court then called and made arrangements to repay the months missed. I have agreed a repayment back over 9 months for us as like i have said we are staying put for now.
Take care
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriend's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
|
|
|
huntersrishon
Junior Member
189 Posts |
Posted - 02 October 2008 : 19:50:45
|
Hi Jo
We are going to let the house go - it is almost in negative equity. The thing is we have a rental lined up, through a friend he knows we are going BR and is fine with that. We cannot move in until mid December so we need to hang on here till then. I am worried if we tell the mortgage company they will get us out before mid December.
Dee x |
|
|
|
Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 02 October 2008 : 19:53:51
|
Hi Dee
They wont get you out that quickly. U have to miss 3 payments then they go to court i think it is then if not agreement is made to repay the monies owed then a further 4-6 weeks before the repo would come into force.
Hope i have helped. :-)
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriend's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
|
|
|
huntersrishon
Junior Member
189 Posts |
Posted - 02 October 2008 : 19:56:52
|
Thanks Jo, thanks needafriend.
We just need to stay put till December. I think we will try to avoid all phone calls until we have gone BR.
Dee x |
|
|
|
Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 02 October 2008 : 19:58:56
|
Hi your welcome
I think you will be fine, yes the letters will come in, yes the phone will ring, unless you change the number but honestly they wont do anything till after u have left anyhow so dont worry. :-)
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriend's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
|
|
|
got there
Junior Member
United Kingdom
461 Posts |
Posted - 02 October 2008 : 21:19:55
|
Hi Dee
Was thinking about you today wandering if you had heard anything from them, they havent got my new number so i'm expecting a letter to land any day.
Just sit tight they cant do anything yet, like Jo says its highly likely to be mid January/Feb before proceedings start.
Take care - keep posting admin still havent done anything about sending you my email, as far as I know?? x |
|
|
|
huntersrishon
Junior Member
189 Posts |
Posted - 03 October 2008 : 07:32:53
|
Hi gettingthere,
I knew they would be quick off the mark but omg less than 24 hours and they were on the phone.
I will let you know what happens. I still have not had your email address. Admin can pass mine on to you also.
Dee x |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 03 October 2008 : 12:42:49
|
Hi all,
Maortgage companies are currently panicking in the current economic climate. Some (in the case of a voluntary reposession) are asking you to sign paperwork which means you'd still be liable for a shortfall even if you go BR. If you are looking at a reposession situation, please carefully read anything they ask you to sign! YOU HAVE BEEN WARNED.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
|
|
|
got there
Junior Member
United Kingdom
461 Posts |
Posted - 03 October 2008 : 13:01:16
|
| I wont be signing anything Julian, but thanks for the advance warning. |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 03 October 2008 : 13:31:49
|
No problem.
If anyone does recieve anything of this nature, I'd be delighted to look at it for you and advise.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
|
|
|
huntersrishon
Junior Member
189 Posts |
Posted - 03 October 2008 : 17:59:59
|
Thank you so much Julian. I will keep you informed.
Dee  |
|
|
| |
Topic |
|
Mortgage due yesterday, phone call today
