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 We have no equity in our property,		  New Topic  Reply to Topic
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Carol.ps
Starting Member



2 Posts
Posted - 07 October 2009 :  10:53:17  Show Profile  Visit Carol.ps's Homepage  Reply with Quote
We have no equity in our property, in fact it is a little in negative equity. If the Official Receiver takes possession of the house does this mean that we would actually have to move out?

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 07 October 2009 :  11:17:30  Show Profile  Reply with Quote
Hi,if your house is in negative equity, then the OR won't be interested in it.

You will able to buy back the beneficial interest in for £1 plus £211 costs and that will take it out of the BR.

The glimmer gets brighter all the time

Jan
xx
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Carol.ps
Starting Member



2 Posts
Posted - 07 October 2009 :  17:00:07  Show Profile  Visit Carol.ps's Homepage  Reply with Quote
Thank you Jan Very much.
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