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Mother signing the house over to me............
Comments
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BitterAndTwisted wrote: »Are you certain that should she go into bankruptcy that her creditors will want that 25%? Even bankrupts need somewhere to live.
She needs debt advice as a matter of urgency. Perhaps a good place to start would be over on the "Debt-Free Wannabe" or "Bankruptcy and Living With It" parts of this forum? If not all of the debts are secured she may not be at risk of losing her home at all.
Hey thanks for the advice, im not certain that they would take the 25% im just assuming to be honest0 -
She needs to speak to National Debtline or CCCS - both have Scottish sections if she lives there.If you've have not made a mistake, you've made nothing0
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Debt aside, the mortgage lenders would most likely stop it happening. More often than not they want the same people on the mortgage as on the deed, especially with only a quarter of the house owned by your mother.0
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There is no mortgage, the op's mum has paid it offDebt aside, the mortgage lenders would most likely stop it happening. More often than not they want the same people on the mortgage as on the deed, especially with only a quarter of the house owned by your mother.Be Alert..........Britain needs lerts.0
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