repossession

coleface

Can a Claimant (private individual)with a Court Order repossess a rental property and take the rent without putting their names on the title deeds ?I am concerned that I am consenting to being repo'd ,to remove the court order ,yet I am still responsible for the upkeep of the property without receiving the income .Any advice would be greatly appreciated.

tigerfeet2006

If the house is repossessed then it isn't your responsibility anymore. All you will be responsible for is the shortfall and fees, unless you are BR.

coleface

Hi tigerfeet2006 thanks for your reply ,I find it really strange that the Claimants are taking this stance .They are insisting that if I don't comply with their demands they will enforce the court Order ,which could ultimately result in bankruptcy for me .

PippaGirl_2

is it the upkeep they are asking for, or the negative equity the property has gathered? So they are claiming their losses?

coleface

@PippaGirl. The property is not in negative equity and I am unsure of their motives .I am concerned that I am being told to give over the rent but could still be liable for any repairs or insurance .

tigerfeet2006

Ring someone like National Debtline or CCCS or go and see the CAB and get some proper advice.

chanz4

op you need to tell the FULL story, no good only part