Just curious

LilyBart

I probably shouldn't be fretting about this, but it seems that our old house has just been sold after the price was dropped £20k in one week. (Was initially advertised at the higher figure, though even this was £20k down from the valuation we had in Feburary, so £40k down in total.) I can understand that the mortgage lenders would want a quick sale in the event of repossession, and the most recent advertised price still wipes the original mortgage, but it leaves a stonking shortfall in the case of the secured loan. (Now un-secured.) We've also just had a letter claiming arrears of £Xk on the mortgage following the sale - not from the mortgage company but from some other company who I assume have bought the debt. I suppose this indicates that someone bought it for even less than advertised, meaning the (un)secured loan won't be reduced at all, but anyway, am I right in thinking we just forward that letter to the OR/trustee?
Must say, I'll be very glad when all of this is over.
Lily:o

dalip

Can not help with your question lily but really feel for you.Where most of us see some light you are still in that tunnel with no specks appearing.Dx

Jaynee123

Just forward everything to the or - it's their responcibility now(oopps that's the wrong spelling!) You will come to the end of all this - chin up!
Hugs

Jaynee123

LilyBart

Thanks for the encouragement D and Jaynee. Must say, if I was one of the other creditors I'd be seriously miffed at how low they dropped the price but it's out of my control now. Let's hope they don't get too heavy-handed in the light of this and squeeze the IP to squeeze me, if you see what I mean. Perhaps £40k drops have become par for the course now.

skylight

Pass everything on to your OR now. If you wanted, you could reply back to the letters first with a copy of your BR order and confirm your ORs details, requesting that all matters be dealt with by him from now on.

And when you do get that letter, it will mean that the flickers on that bulb will start as the end is in sight!

dalip

i would not mind a squeeze,since when did you get so fussy:rotfl:

Merry_Gentry

I haven't heard anything about the house at all. I guess with the move, and trying to sort out CSA, etc I haven't given it much thought, but maybe I'll do a drive-by....

Richard_S

Hi Lily,

Any correspondence you get relating to the mortgage arrears or (un)secured loans just pass on to your O.R.

You're not responsible for any arrears or shortfall and there's no reason why you should waste any of your time dealing with matters that are somebody else's headache.

Regards

Rich

LilyBart

Bless you all, shall do as recommended. Merry, the drive-by thing can get really addictive. I'm sure it's not healthy, but I find it irresistible. Best not to do with the little ones in the car though - too many awkward questions.

Merry_Gentry

Yeah you're probably right - knowing her, she'd wanna go in for a 'play' :rotfl:

LilyBart

The worst thing was catching a glimpse of the garden peeping over the window-sill in one of the estate agents' pictures of the interior. It's a first-floor window!