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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Repoession
fev1983
Posts: 33 Forumite
Well it looks like the house i got with the ex is going to be repossessed.
She says when it's reposessed and when the shortfall of negative equity is known she will go bankrupt.
Now if she goes bankrupt does all the mortgage shortfall turn on me?
Thanks folks
She says when it's reposessed and when the shortfall of negative equity is known she will go bankrupt.
Now if she goes bankrupt does all the mortgage shortfall turn on me?
Thanks folks
0
Comments
-
Unfortunately so. Jointly and severally responsible for mortgage debt if your name was on it.0
-
fromtheshires wrote: »Unfortunately so. Jointly and severally responsible for mortgage debt if your name was on it.
Thanks for the reply.
Looks like I could be heading down the same road then sadly.0 -
The downside of trying to 'own' one's home?
Bankruptcy is not the fearsome state folk believe it to be.No, I don't think all other drivers are idiots......but some are determined to change my mind.......0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards