We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

could do with some advice..

if you have already gone bankrupt, and the house was part of that. Can the mortgage company, after selling the property, come to you for the out standing balance????

Comments

  • dojoman
    dojoman Posts: 12,027 Forumite
    Hi and welcome to the forum.

    They can try, but as long as you have not signed anything after your BR in relation to the shortfall, there is absolutely nothing they can do about it. Once the property is sold, any shortfall becomes unsecured debt and is therefore covered by your BR.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • thank you for that.
    I was just in the need for a positive answer. many thanks
  • dojoman
    dojoman Posts: 12,027 Forumite
    sick_note wrote: »
    thank you for that.
    I was just in the need for a positive answer. many thanks

    You are very welcome, that is why we are here :)
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.