House handed back - Deprivation of Capital!!!

andyandflo

DebtWriteOffMaster wrote: »

You haven't explained what exactly you mean by ''you handed away the keys to your house''...
But so il assume that it means you bought a property that you couldn't afford, thus couldn't afford the mortage repayments, and so the bank have now repossed the property and will sell it to recover all the current outstanding mortage money owed.


So what you now need to do is-

1st start renting a new house, which whilst you may not get HB for you can still get income-based JSA as you're unemployed.

2ndly once your previous house has been told by the bank (and you get to keep the amount of money difference between the sale price and the amount owed to the bank),
use that money to pay for your rent till its under £6,000.

3rdly once you have under £6,000 savings you can claim full housing benefit.

a. yes I handed the keys over, they didn't repossess I wasn't in arrears. I just knew that it was becsoming difficult to pay the mortgage of £350pm. Sold the house to the bank. They keep what they make after the mortgage is repaid. We have a personal agreement that they will give me some of the profit.
b. ooops, I have been claiming HB. So I'll have to pay the rent of £467 until the house is sold.

Oldernotwiser

Unlike JSA, contributions based ESA isn't limited to 6 months. As long as you fulfill the criteria you can carry on claiming it.

DebtWriteOffMaster

andyandflo wrote: »

a. yes I handed the keys over, they didn't repossess I wasn't in arrears. I just knew that it was becsoming difficult to pay the mortgage of £350pm. Sold the house to the bank. They keep what they make after the mortgage is repaid. We have a personal agreement that they will give me some of the profit.
b. ooops, I have been claiming HB. So I'll have to pay the rent of £467 until the house is sold.

You ''sold the house to the bank''?? :eek:

Sorry but you seem to be with a very dodgy kind of bank which ''buys peoples houses off them, with gentlemans agreements that you can have 'some profit' when they resell the house at an auction''... LOL

If i went into my local Barclays branch and said to them ''hi ive got a house, can you please buy it off me for 100k, but when you sell it if you make any profit can i have some'',
they would just stare at me like i was some kind of freak. :rotfl:



Are you 100% sure that its a legitimate bank that's bought the house off you??
As it sounds like you've been scammed!

Or if the bank have actually ''bought'' it from you have they paid you in cash for it or by cheque??
Where is the receipt for the sale?
But much more importantly where is the 1/10 of a million pounds cash sitting that they have paid you for your house??


As sorry to sound blunt but the way you've described it sounds to me like this-

You bought a house with mortage, paid off 1/2 the mortage then decided you couldn't afford it anymore.

So then walked into your local branch and gave the keys of the house to someone who worked there and said to them ''Hi i can't afford to repay my mortage anymore so im giving you my house for free, but when you sell it can i have some of the profit you make from it please''.

You then started renting a new house claiming housing benefit for it, while your previous house (which you have given away for free to some bloke at the bank) sat empty waiting to be sold at an auction some time in the future.

DX2

I love it when Angel/bootybabe/rothschild ^^^ can't help himself by typing with the same trademarks everytime.

Vader123

andyandflo wrote: »

No probably not.
Have a think that if you had what is wrong with me would you say that I was fit for work? How would you feel if they said you were?

Severe Chronic Pancreatitis
Severe Acute Pancreatitis
Post Traumatic Stress Disorder
Varicose veins in the stomach wall that bleed into my stomach regularly
Permanent Thrombosis of the Splenic Vein.
Calcification & Necrosis of the Pancreas
Pancreatic Insufficiency
Altered Personality Disorder.
Chronic Alcoholism
Anorexia
Type 1 Insulin Dependent Diabetes - uncontrolled
Regular weekly/monthly loss of conciousness due to Diabetes and lack of blood supply to the heart.
Loss of feeling to the feet due to Diabetes

But again, how does the building "2 bungalows" come into this? Is this capital you have also? Do you have these assets?

Vader

seven-day-weekend

I did wonder if this poster was WeymuffFred under another guise. The posts seem just as inconsistent.

Emmzi

I used to do house reposessions for a bank so let me clarify how it works. (Does not matter if it is voluntary, same process)

The bank do not OWN the house. Why spend extra money transferring the deeds, when they already have security over it?

They will market it on your behalf. This will include cleaning if required, emptying, estate agent, solicitor, etc.

They are duty bound to get best price within a fixed time scale - either 3 or 6 months usually, IF they can sell it in that period. On a "forced sale" we would sometimes be lucky and get market rate, sometimes 30% less, sometimes lucky to get half if the owners had left it in a right state (ripped out radiators etc)

From the sale proceeds are deducted
- mortgage + arrears + late fees etc
- costs of selling
- mortgage / deed redemption fee

If there is any left over, it goes to you. (Remember bank may choose to repay other overdrafts or credit cards first though and usually do)
If there is any shortfall, you will be persued for it.

I would always choose to sell yourself if possible, as you have control, and even at a 10 - 15% loss you will probably still come out ahead after all the bank fees.

Hope that clairifies.

TOBRUK

andyandflo wrote: »

No probably not.
Have a think that if you had what is wrong with me would you say that I was fit for work? How would you feel if they said you were?

Severe Chronic Pancreatitis
Severe Acute Pancreatitis
Post Traumatic Stress Disorder
Varicose veins in the stomach wall that bleed into my stomach regularly
Permanent Thrombosis of the Splenic Vein.
Calcification & Necrosis of the Pancreas
Pancreatic Insufficiency
Altered Personality Disorder.
Chronic Alcoholism - another way to say YOU ARE AN ALCOHOLIC!
Anorexia
Type 1 Insulin Dependent Diabetes - uncontrolled
Regular weekly/monthly loss of conciousness due to Diabetes and lack of blood supply to the heart.
Loss of feeling to the feet due to Diabetes

The majority of your health problems are down to alcohol, or at least it makes them worse. That and you are (as you said on another thread) addicted to morphine!! You have 'Chronic Alcoholism' listed as one of your illnesses, another way to say you are an alcoholic, however I don't think you actually admit to being an alcoholic! Are you an alcoholic??

On other threads you have expressed your anger towards the DWP and DLA as you have been unsuccessful in your application for ESA and when you attempted to get more than low rate DLA for care.

You were cross that the DLA had contacted your GP and said that you weren't aware that they contacted your GP - it does state on the form that they may contact your GP! Then you had a go at your GP because the report wasn't in your favour - the GP had said that he didn't know what you were on about!!

For some reason you only stated one illness on each of the DLA and ESA forms - and each was a different condition. On the ESA (if I remember) you put down what was on your sick note - pancreas disease. On the DLA claim form you put Mental Illness. Why use different illnesses for different forms anyway?! Also you say you won't see your GP, or only for certain illnesses - therefore your GP is in the dark to your health as a whole!

It seems also that you claimed HB and did not tell them the whole truth about your situation.

Looking through some of your threads and posts there are so many contradictions, but when this is pointed out (and many here have done so) you get cross.

One thing about an alcoholic is that they lie!

DX2

andyandflo wrote: »

Yes I own a plot of land, and am project managing the build of two bungalows, one for us and the other for one of my daughters'.
Yes, if they forget to pay my benefit, just like anybody else, I will demand it.

See fraud always catches up with you and by god andy you are up to your in elbows in it.

sazzybum

andyandflo wrote: »

No probably not.
Have a think that if you had what is wrong with me would you say that I was fit for work? How would you feel if they said you were?

Severe Chronic Pancreatitis
Severe Acute Pancreatitis
Post Traumatic Stress Disorder
Varicose veins in the stomach wall that bleed into my stomach regularly
Permanent Thrombosis of the Splenic Vein.
Calcification & Necrosis of the Pancreas
Pancreatic Insufficiency
Altered Personality Disorder.
Chronic Alcoholism
Anorexia
Type 1 Insulin Dependent Diabetes - uncontrolled
Regular weekly/monthly loss of conciousness due to Diabetes and lack of blood supply to the heart.
Loss of feeling to the feet due to Diabetes

And yet-despite ALL these 'illnesses' you mentioned on another thread that you still drive, and NO-ONE will tell you not to!

Sell your car-live in a tent. I'm sorry but you write the biggest lot of pi$h I've ever read in my life.

I'm not naturally nasty, but I hope they catch you for fraud/drink driving, whatever, and it'll be wholly deserved!!! :mad:


*waits for yellow card or ban-but had to say it*