Billy and Lily's innuendo-free post

Waspeze

LilyBart wrote: »

- but I won't be signing any forms without double-checking here first!

Not too clued up on houses but from reading on here I think they may try and get you to sign a form that'll make you liable for any shortfall ... though this is covered by BR it is a pain in the a*** to sort out, so I don't think you should sign anything (That's only what I've picked up from reading on here so not speaking from experience!)

Ionic

I've just joined the forum. I've had my day in court back in March, at that time i had a buyer for my house. The case was adjourned due to faulty/out of date paperwork from the mortgage company. My buyer dropped out in ApriL The date arrived for the new hearing. 19th June, I was unable to attend due to work commitments. I knew the 28 day order would be granted. So no point losing 5 days pay as well.
My question if anyone can help is I had 2 mortgages on the one property (long story lets just say messy divorce) The first company are repossessing the second company have been aware of this since April although not acknowledged in writing. They are now threatening to repossess even though the original order has already been agreed. Can they do this?
Also when the property is sold by the first company will any excess, if there is any go to the second mortgage company. Neither company seems to be acknowledging the other. The court knew about both companies from the start but no reference has been made about the double mortgage.
I'm trying to avoid going bankrupt, I'm a self employed/soletrader I'm hoping that the sale of the house will clear both debts.
All help appreciated.
J

Merry_Gentry

Ionic wrote: »

I've just joined the forum. I've had my day in court back in March, at that time i had a buyer for my house. The case was adjourned due to faulty/out of date paperwork from the mortgage company. My buyer dropped out in ApriL The date arrived for the new hearing. 19th June, I was unable to attend due to work commitments. I knew the 28 day order would be granted. So no point losing 5 days pay as well.
My question if anyone can help is I had 2 mortgages on the one property (long story lets just say messy divorce) The first company are repossessing the second company have been aware of this since April although not acknowledged in writing. They are now threatening to repossess even though the original order has already been agreed. Can they do this?
Also when the property is sold by the first company will any excess, if there is any go to the second mortgage company. Neither company seems to be acknowledging the other. The court knew about both companies from the start but no reference has been made about the double mortgage.
I'm trying to avoid going bankrupt, I'm a self employed/soletrader I'm hoping that the sale of the house will clear both debts.
All help appreciated.
J

Hello and welcome to the forum Ionic. It might be better to start your own thread with your questions as this may get lost in this one.