Hi, I was BR sept 09 and hoping to keep our home, I have between 8 and 18k in equity and have been informed by OR that it has been passed to IP trustee, is that good news or not with regard to the possibility of keeping our home? I was told by OR initially that my car with to be disregarded, will this now be reconsidered by trustee and maybe at risk? I was hoping to be able to borrow around 5k to buy BI, what do u think are my chances of keeping home on this basis now plse? thankyou for your help.
My car is worth approx 2.5k and yes I have 2 valuations after the OR office did a drive by valuation at an inflated 145k... I would never achieve that in top notch condition which it is not.. the 2 valuations are 125 and 130 and I owe 117k, the 5k would have to include the legal fees which I expect to be around £300? did u mean in ur reply that u thought I had a good chance of keeping our home if I could come up with 5k? is it bad news that I have a trustee dealing with this case, the OR office were really good and I was hoping to keep them and not have to start again but hey I'm in no position to influence anything really!
If it has gone to a trustee that is usually because they believe that your asset is worth at least £10,000 and that would normally be the basis the IP took the case on
Hi, I was BR sept 09 and hoping to keep our home,
Posted - 03 December 2009 : 21:43:23
