Voluntary repossession and things!

lyndabill

Morning. Not been on a while but be grateful for a couple of answers.
First.....relative died. No will. Probate applied for and granted. House in abysmal state of repair with charges against it so we did voluntary surrender. It's on the market and will be sold by the band. May make 30k after all fees to bank and solicitors. Charges will be outstanding.
So. as we have probate and did all of it ourselves and spent many many hours sorting the relatives financial disasters out, are we able to out in a bill for the amount of work and money we have paid that will be settled before charges against the remaining £ are paid? Have spent a few thousand on solicitors etc which we want reimbursing. Where do we stand in the pecking order if repayments please?

Keep_pedalling

If, as it sounds the estate is insolvent, you should have walked away. Any secured debts come first and if there is anything left over funeral costs come next then unsecured debt. The money you have spent falls into the latter category.

getmore4less

there is a bit of history

https://forums.moneysavingexpert.com/search.php?do=finduser&u=1127427&starteronly=1

lyndabill

Keep peddling. When the relative died we had no idea how much the estate was worth. It seems there will be a profit of 20 to 30k once it's sold by the bank. We couldn't take it on. When we did the probate as next of kin it obviously incurred costs. On all the probate paperwork it states that the person applying for probate shouldn't be out of pocket which we are. All I was asking is where legally do we stand in recouping costs from the estates remaining funds? Hoped it would be before the charges otherwise as executors we will be out of pocket. Yes and hindsight is fabulous but we couldn't access the house till 6 months after the owner died as his partner kept saying she wasn't moving. Then we found a mess!

molerat

Testamentary expenses come after secured debt.