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second charge
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i have a second charge on a property to the value of £30.500 the property is up for sale and there is no equity in the property there is a shortfall to the first charge also as £100.000 owed and property up for sale at £84.950 can i stop the sale or can the vendor apply to move the charge to another one of his properties? can i oppose this and if so is he obligated to honour the contract we have with him that states all monies due to me will be paid on or before the 5 year term of our agreement or before if the house is sold within 10 days on completion of sale
Does he have other means to pay you? why not follow up on the 5yr contract you have?Be Alert..........Britain needs lerts.0 -
No reason you cannot get a charging order on another of his properties when you don't get the money from this one.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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