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Early Discharge Question and BI
rv99
Posts: 16 Forumite
Hi,
I was made BR in June 2009. This week have had a letter from OR offering possible ED. At present I am unemployed and we live on benefit and my OH part time earnings. There is no excess income.
My question relates to BI in our house.
If ED is granted does the OR still have 3 years to sell the property or does their charge on the house end with early discharge? We have just paid for a valuation which puts the value just into to neg. equity. Not sure whether to buy out the OR or wait.
Any advice would help.
Thanks
I was made BR in June 2009. This week have had a letter from OR offering possible ED. At present I am unemployed and we live on benefit and my OH part time earnings. There is no excess income.
My question relates to BI in our house.
If ED is granted does the OR still have 3 years to sell the property or does their charge on the house end with early discharge? We have just paid for a valuation which puts the value just into to neg. equity. Not sure whether to buy out the OR or wait.
Any advice would help.
Thanks
0
Comments
-
The OR still has the remainder of the 3 years to deal with the property.
HTHAccept your past without regret, handle your present with confidence and face your future without fear0 -
Good luck with the ED mate0
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