Our BR Diary, from start to finish......

HEADACHE

Hi Scarlett,what a brilliant diary.I went BR about the same time as you,and it really was hell for 3 weeks.Ive never had such a low state of mind,I wasnt expecting it and it came as a massive shock when my solicitor called me.I wanted to die,I was petrified about the ad in the paper,frozen bank accounts,losing everything.I had my OH i/view last week and to be honest I was exhausted from it so much so that I collapsed when I got home.Ive got the new coop bank a/c and have switched things over.Im self employed so I owe zero tax and the first 5k of earning is tax free.I made a decision at the weekend to totally forget all about it as it doesnt affect my work at all.
I also realised at the weekend that my mortgage is 7k higher than I thought which means the OR can only get 2k in equity!!! which is hardly worth it.
We're haggling over the car but that'll be sorted,its only a piece of metal after all.
Have you heard anymore from your OR? I get the feeling theyre really busy,they didnt want to see bank statements or anything,only the SOE got filled out and that was it after 2 1/2 hours.

Scarlett.1974

Afternoon all

Not much to update really, apart from me calling Northern Rock the week before last after yet another one of their "you are in £xxxxx arrears, your home is at risk blah blah blah" letters. I told the woman on the phone "we haven't paid since October, we won't be paying another penny again, we haven't lived in the damm house since January, (ALL OF WHICH THEY KNOW!) will you PLEASE just repossess it" and she promised to get right on with it :rolleyes: We had a letter a few days letter from their solicitors saying they would be starting repossession proceedings unless they hear from us within 7 days with a payment proposal....... so finally, I think things might be happening there.

Honestly, for anyone worrying about repossession and how long it takes before you "have to get out"...... in my experience, really don't worry, they certainly don't rush themselves It's been 6 months now since we paid anything and if I hadn't called them I don't think they'd have done anything yet.

Oh, and in case anyone is wondering - they refused to accept my letter as "Voluntary Repossession", they said the only way they could do things that way was if we signed the Voluntary Surrender form, which we refused to do.

No news from the OR regarging IPA (no news is good news hopefully!) or BRO/U.

H had to contact Natwest about something to do with his account and a couple of days after that he got a letter from them saying they were happy for his account to stay open. I, on the other hand, got a letter this week telling me they were closing all of my accounts :rolleyes:

fermi

That all sounds like good progress Scarlett.

Scarlett.1974 wrote: »

Oh, and in case anyone is wondering - they refused to accept my letter as "Voluntary Repossession", they said the only way they could do things that way was if we signed the Voluntary Surrender form, which we refused to do.

What ******* idiots. :rotfl: They are only shooting themselves in the foot.:rolleyes:

tigerfeet2006

gLAD THINGS ARE BUMPING ALONG FAIRLY SMOOTHLY sCARLETT (OOPS! BABY STRIKES AGAIN)

Please could you look at CD's thread for me and reassure.
http://forums.moneysavingexpert.com/showthread.html?t=813533

Scarlett.1974

I know Fermi, it's bonkers :rolleyes: If they'd just accept my letter they could have had the house back weeks ago. But because they refuse to, they're going through the formal repossession proceedure instead, which I assume will involve court, cost them more and take longer. Crazy! :rolleyes:

Scarlett.1974

tigerfeet2006 wrote: »

gLAD THINGS ARE BUMPING ALONG FAIRLY SMOOTHLY sCARLETT (OOPS! BABY STRIKES AGAIN)

Please could you look at CD's thread for me and reassure.
http://forums.moneysavingexpert.com/showthread.html?t=813533

Thanks tigerfeet

Have posted a reply there

Toon_Dave

hi all, the letter northern rock asked you to sign Scarlett, was that the 'deed of acknowledgment' or something like that... i was advised not to sign as i think it means you will accept liability for any debts acrued on the house etc etc..

thanks for posting all this, its been a great read..you can see how your mind set has lifted since the LBM and decision on BR.

Well Done and thanks again.

Dave

Scarlett.1974

Toon_Dave wrote: »

hi all, the letter northern rock asked you to sign Scarlett, was that the 'deed of acknowledgment' or something like that... i was advised not to sign as i think it means you will accept liability for any debts acrued on the house etc etc..

thanks for posting all this, its been a great read..you can see how your mind set has lifted since the LBM and decision on BR.

Well Done and thanks again.

Dave

Hi Dave,

Yep, it was something like that and it was on the advice I received here that made me decide we shouldn't sign it. Ultimately, it doesn't really matter, once you go BR any shortfall IS included in it, but from what I've been told it CAN make things more complicated for the OR and annoying the OR wasn't something I wanted to do

Thanks for your kind words You're right, I'm a completely different person these days

colmac71

WOW!
Can I just say what a thread!
I've just posted a new thread about my banruptcy which I will keep updated
What an inspiration - can't believe all of the help and support that the people on here provide.
It has made me feel so much better
Thank you
All the very best!

Scarlett.1974

colmac71 wrote: »

WOW!
Can I just say what a thread!
I've just posted a new thread about my banruptcy which I will keep updated
What an inspiration - can't believe all of the help and support that the people on here provide.
It has made me feel so much better
Thank you
All the very best!

Hi colmac71,

The people on this forum are quite simply fantastic..... they're helpful, supportive, kind and knowledgeable, I couldn't have got through all of this without them

Best of luck to you on your BR journey