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REPOSSESSION - collecting info
Vinegartits
Posts: 116 Forumite
Are you or is anyone you know facing repossession in the next few months? I'd like to get an idea of what is really going on, not just stats on repos already carried out but how far away people are from losing their homes.
I am worried, both personally and professionally, about the numbers and I think more needs to be done. Here seems as good a place as any to gather data; someone needs to be looking at where this is going over the next year, taking notice and planning for the worst.
I am worried, both personally and professionally, about the numbers and I think more needs to be done. Here seems as good a place as any to gather data; someone needs to be looking at where this is going over the next year, taking notice and planning for the worst.
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Comments
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Vinegartits wrote: »Are you or is anyone you know facing repossession in the next few months? I'd like to get an idea of what is really going on, not just stats on repos already carried out but how far away people are from losing their homes.
I am worried, both personally and professionally, about the numbers and I think more needs to be done. Here seems as good a place as any to gather data; someone needs to be looking at where this is going over the next year, taking notice and planning for the worst.
Me too. Get them repossessed quicker and less gimmicks to allow debtors to shirk their repayments .
Maybe. Some of my mother's friends - maybe. A few that got in to BTL late on, and others with places abroad. Should be an interesting year 2009.0 -
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Me too. Get them repossessed quicker and less gimmicks to allow debtors to shirk their repayments .
Maybe. Some of my mother's friends - maybe. A few that got in to BTL late on, and others with places abroad. Should be an interesting year 2009.
Now come on Dopester . I am very dissapointed in you and that comment. Not everyone mewed, got into btl or have places abroad. For many it will be the tradgedy of job loss or illness and I believe you know that.0 -
Greed And Overstretching Is The Cause For Most....It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Me too. Get them repossessed quicker and less gimmicks to allow debtors to shirk their repayments .
Maybe. Some of my mother's friends - maybe. A few that got in to BTL late on, and others with places abroad. Should be an interesting year 2009.
The words of a coward hiding behind a keyboard. Wally.18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0 -
Now come on Dopester . I am very dissapointed in you and that comment. Not everyone mewed, got into btl or have places abroad. For many it will be the tradgedy of job loss or illness and I believe you know that.
If they had the appropriate insurance in place to protect them against illness or redundancy, they wouldn't have this worry
If the answer is they couldn't afford it, the the answer to that is they are exactly the people who needed it0 -
HammersFan wrote: »The words of a coward hiding behind a keyboard. Wally.
The words of somebody who is almost repo'd, or who is recieving said state help.
me thinks.0 -
Darth_Marty wrote: »Are you for real?
!!!!!!.
The !!!!!! are those who think that the morons who borrowed beyond their means should be bailed out.0 -
the milk of human kindness over floweth in this thread0
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Vinegartits wrote: »Are you or is anyone you know facing repossession in the next few months? I'd like to get an idea of what is really going on, not just stats on repos already carried out but how far away people are from losing their homes.
I am worried, both personally and professionally, about the numbers and I think more needs to be done. Here seems as good a place as any to gather data; someone needs to be looking at where this is going over the next year, taking notice and planning for the worst.
I think you should say what you are hoping to use this info for - are you a journo?I think....0
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