repossession

eliza73

PLEASE PLEASE PLEASE could sumbody offer any advice , my mother 76yrs got a mortgaga on a right to buy scheme with mortgage express $70,000 , the idea came from my nephew who wanted a future investment . the mortgage is soley in her name and was given to her even though shes on state pension no income other income and is also registered blind . my nephew has kindly done the dirty and left her in $4,000 arrears . debt counsilor also this week tried to come up with a payment plan but now mortgage express have refused an said its already gone to county court for a date to repo , my mother who has bin serious ill of late is unaware , it would be the end of her if she loses her life long home ???????????????

socrates

Is this a British mortgage or an American one?

eliza73

sorry its a british one pressed the wrong key , really stressed over this situation thanks!!!!!

eliza73

also its a interest only

McKneff

What has your nephew to do with this, was he paying the mortgage.
Has your mother made a will, Whose name is on the deeds

socrates

Obviously something is going on behind the scenes - do you have a family solicitor or perhaps visit CAB

You need to give more details on what happened to the money from the mortgage - if any paperwork was signed between them etc.

maninthestreet

You need to post your mother's Statement of Affairs (all income and outgoings, on a monthly basis). How did your mother manage to obtain this mortgage, given her income is just her pension (does she qualify for any state benefits due to her blindness?). Is the nephew a guarantor for the mortgage?

eliza73

basically my nephew promised he would pay the mortgage as he was living with her at the time , but he could not be on mortgage as is was a right to buy of council only my mother was on tenancy with them , price @ 59,000 . 70,000 in total was borrowed of mortgage express ..... her will was done same time as mortgage and my nephew was going to get the house .....

Robert_Sterling_3

eliza73 wrote: »

basically my nephew promised he would pay the mortgage as he was living with her at the time , but he could not be on mortgage as is was a right to buy of council only my mother was on tenancy with them , price @ 59,000 . 70,000 in total was borrowed of mortgage express ..... her will was done same time as mortgage and my nephew was going to get the house .....

Get the will changed.

maninthestreet

Robert_Sterling wrote: »

Get the will changed.

If the house is repossessed, he won't get it anyway.
Eliza73 - How much is the house currently worth? How much is oustanding on the mortgage? Why was an extra £11,000 borrowed on top of the £59,000 purchase price. What is the nephew's view now he knows he won't be getting the house if it gets re-possessed?

eliza73

11k was for work that need to be done and all that he was paying was interest only .... he is now in perth so dont think he is really that bothered ..... just need some advice on how i can get my mother out of this b4 she looses her life long home !!!!!!!!!!