house repossession

sanfrancisco

Could your husband get a permanent position? Could you get a job? CLAPTON is right, more information needed.

Bestthingsinlifearefree

Hi Desperado,

Just wanted to say I hope you are finding a way forward and wishing you well in what is probably a stressful time.

I have linked to your 2 other threads so people can see the overall picture.

http://forums.moneysavingexpert.com/showthread.html?t=347135

http://forums.moneysavingexpert.com/showthread.html?t=348040


Keep posting and looking at all your options, I am sure there is a positive way forward.

Best,

Bestthingsinlifearefree

Hi D,

I have read your threads. I understand your main focus is a roof over your head.

I also understand your point that what ever the judge says your mortgage / debts might be to high to sustain.

However I think there is a benefit in selling the house (if that is the best option) on your terms and time rather than via a repo and your hand being forced.

I know its not easy but why not post a statement of affairs all incomings / out goings.

If we know whats coming in and going out we can advise you better.

Best,

Bestthingsinlifearefree

In your other thread you say the house is worth 225K and you have 190K of debt against it.

That give you potentially 35K in equity to protect / rescue.

If you can sell on your terms that is 35K to put to other debts or rental accomondation or a deposit for a future house.

But without an SOA we are advising you from a blind position.

Best,

chevalier

You will need to provide a statement of affairs for the courts, so posting one on here would be good practice, and you would have all the details in one place already.

Is it possible for you to get an evening job, anything at all, to help out? Could your husband get a weekend job to boost earnings.
Is it possible to retroactively claim for the benefit you didn't apply for?

best of luck
chev

raq

James&Shell wrote:

I just wanted to say good luck and that i help everything goes well for you in the end.


James

Yeah me too all the best with the movement and court

desperado1_2

once again thank you for all your advice and support

where do i find a soa (statement of affairs) form to complete

again thank you all

Bestthingsinlifearefree

desperado1 wrote:

once again thank you for all your advice and support

where do i find a soa (statement of affairs) form to complete

again thank you all

:j :j :j :beer:

just type it in.

income
mortgage
car
sky
debt 1
mobiles.

etc etc

swampduck

has already mentioned this, but my partner and I were in the situation where being self employed, he had no work for three months. We only found out in retrospect that we could have claimed off the mortgage protection policy. Too late!! when you find out 6 months later!!
But our situation was not as bad as yours as I was working and could pay. Another thought - any life policies you could cash in?? I know some would say keep the policies going but if you can't afford to pay them you may be able to get something back.

Swampy

PS. What kind of mortgage have you got?? Could it be changed to repayment type with mega years on it? to give you time to sort yourselves?

Bestthingsinlifearefree

just write it up like the one in this post and maybe post it as a new thread and then we can get to work on it.


http://forums.moneysavingexpert.com/showthread.html?t=107280

It's all about getting in control of your finances and what ever happens in the next weeks, months, years the sooner you do that the better it will be for you and your family.

That's why the SOA is very important.

Best,