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 Who has priority in repossessing my house?
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timtim
Starting Member



2 Posts

Posted - 26 February 2009 :  06:34:31  Show Profile  Visit timtim's Homepage  Reply with Quote
Who has priority in repossessing my house? The mortgage company or the secured loan company

peppa-pig
Starting Member



26 Posts

Posted - 26 February 2009 :  06:47:09  Show Profile  Click to see peppa-pig's MSN Messenger address  Reply with Quote
the mortgage company.
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Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 26 February 2009 :  08:45:36  Show Profile  Reply with Quote
Any charge holder on your property can enforce a sale, but if the property is sold the debts are discharged in order ie Mortgage paid in full first then second charge and so on

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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ladylumps45
Starting Member



United Kingdom
25 Posts

Posted - 26 February 2009 :  09:18:37  Show Profile  Reply with Quote
does the leaseholder go on the forms as secured or unsecured as my husband owes the leaseholder company of his flat money?
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