Still cant believe what Ive been advised to do!

keepmyhouse

Im still sat in shock from my discussion with CCCS.

I had it all planned....................... carry on paying the mortgage, and and something towards the 2 month arrears from ages ago..............my brother pays £1 for BI........................and one day get my ex off the mortgage.........................................................................

Then just like that the bloke ses.......Find somwehere to live quick, they will repossess when they find out you are BR?????????...............Dont worry any shortfall after repo will be included in your BR??????????

""But I have paid it on time for 8 months why would they reposses???????? Mmmmm, "because they will he said" "Just do it chick and get you own back"

I though I would be encouraged to try and save my home Im shock shock shocked, now looking for house to rent in absolute panic......

He said the OR will look to sell it anyway because I could rent cheaper

Didn't see this coming, plan not worth the paper it wor written on, never assume always research more first

blind-as-a-bat_2

CCCS do not always give the right advice for YOU!

At the end of the day its up t you how you want to play it, a clean break might make sense, but thats not taking into consideration your feelings, something that is easy to egnore from the other end of a phone;)

tigerfeet2006

No the mortgage company won't turn round and reposses, especially in the present climate and definatly not for 2 months behind.

How much would it cost to rent? How much is your mortgage?

skylight

Does anyone know about BI and the ex then? Is the BI offered to anyone, or would the ex be offered it first as he is on the mortgage/deeds???

tigerfeet2006

Skylight KMH's brother was going to buy the BI if I remember rightly. I think the choice goes to the bankruptee who buys the BI.

keepmyhouse

The mortgage is 560 next month ( dropped from 817!!!!!!!) I want my brother to buy BI, but an earlier post on here suggests to the ex will get first refusal!!!!!!! (told by CCCS I will be able to choose)

Can the OR sell if its joint????????????? Surley the co owner has to be consulted??????

Its all fine and dandy saying move out move out u have nothing to loose, what about the effect on me and thie kids, not to mention the death threats I will get from the ex!!!!!!!! I think I might stay here untill after BR and see what the OR says, it won't make a difference if I do it now or after BR will it???????????????????????

blind-as-a-bat_2

If not BR then yes The OR must consider the 'innoscent' party to some degree (not much though:rolleyes: )

Can the OR sell if in joint names, good question, i can see a few issues in that, but have never seen them challenged im afraid.

But the OR does not care who pays the BI, as long as they get it, even if its zero so they can close that chapter.

I wouldnt stress too much for now, OR,s wont make work for themselves if there is no benefit in most case, wait until it becomes a problem before worrying about it, because it may not become one;)

keepmyhouse

Infact Ive panicked too much before thinking rationally, Im going to save the mortagage money under my matress, and stay put for now, that way I can see what the OR wants to do with the house first. If he shows no interest in the house then I will negotiate with the mortgage people, Ill tell them I have money for missed payments (all but the 2 month arearrs) and are they happy to carry on as normal. But then again could they screw me over by saying yes and I pay any arrears then they still repossess? If they wont agree to "no repo" I will move out not forgetting future rent payments from under my mattress

keepmyhouse

I have air in my lungs and three lovely kids, and van rentals at the bottom of my street

keepmyhouse

And COOP posted my new bank card on Saturday

peachyprice

KMH, as I said on your previous post, this was really bad advice from CCCS.

They will not repossess just because they find out you are BR. Even if you didn't pay the arrears but didn't allow them to increase they still would be unlikely to repossess in the present climate.

The OR isn't going to sell your house as there is no equity, they're not going to turf you out for the sake of it.

As far as I know you can choose who buys YOUR BI, it won't have any effect on your ex's BI at all.

There really is no need to make any hasty decisions regarding the house, stay put, see how things pan out, if eventually a year down the line you decide you don't want the house then move out, but there is nothing to gain bt leaving now, and a whole lot to lose.

If you do take this persons advice and let the house get repo'ed the shortfall would not go into your BR, they would chase your ex for the whole amount, for the next 12 years.

Sorry, but I'm appalled at what this person has advised you.