Repossession
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Repossession – how do I keep my home from being repossessed? |
I have missed mortgage repayments and am in arrears. I don't want to be repossessed. Is it possible to stop my mortgage company and the courts from evicting me and repossessing my house?
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I want to sell the house my ex-wife and I own - can't afford mortgage but ex won't agree |
My ex-wife and I divorced a year ago and our house was rented until a few months ago. The monthly rent did not cover the full monthly mortgage amount. I am only able to get part-time work and the hours vary from week to week and can no longer cope with paying my half of the mortgage.
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I have mortage, but can not pay any more, when my house will be repossessed?What it means? |
When they will take my house, do I have to pay them more?
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House repossession - can it be prevented? |
My mortgage company want to repossess my house. How can I stop them? I don't have the money they are asking for.
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Can my house be repossesed |
We are a ltd company with 2 vehicles on finance. Work has gone down and we can now only run one vehicle due to the work volume. The problem we have is,
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Are they being unreasonable? Can you advise? |
last year our home was going to be repossessed, however when we went to the courts we managed to come to an agreement of paying the monthly payments and certain amount on top, which was £1500 p/m, due to domestic reasons we fell back on part of a payment last month. As said we were going through domestic problems therefore communication between the bank and us was minimum.
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Joint Mortgage, Bankruptcy, remortgaging - HELP |
My partner is declaring himself bankrupt. I understand that this effects me. However, the house is the same value as when we bought it. So really, the only equity we have in the house is a 10% deposit. I want to transfer the mortgage into my name but my credit rating is poor, so I am afraid I will not be permitted to go it alone. What are my options here?
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voluntary repossession rights |
If i choose to take voluntary repossession does the mortgage company have rights/ access my wife's money & savings to go towards the shortfall, or purely the money i have? The house is in my name only. Also, could i transfer any savings i have to her name (her own bank account etc) to kind of 'hide what i have' ?
I understand that i would have to pay the shortfall eventually.
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Ex Wife cannot afford mortgage on joint owned house (rented out) if I pay all is house mine? |
This is an ongoing issue, my wife and I are separated, we have a house that is now rented out, but she is struggling to pay her half of the mortgage, even though she has received the rent.
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I am on a mortgage with my ex, when I marry what happens if my ex doesn't pay the mortgage |
I am on a mortgage with my ex, I haven't paid anything for nearly 5 years, she pays it. She says she can't afford to take the mortgage over herself and the property is on the market but no real interest. I am getting married this year and my partner has a house, what if my ex defaults on the mortgage can they touch my new wifes house?
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Can i stay in my house (i can afford morgage but cant proove earnings)? |
My wife and i are splitting up. We own two properties and have never defaulted on any payments on either. We have worked out a dividing scenario. I am self employed but cant really proove much of my earnings. I can with help from relatives pay my morgage easily.
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i have a 6,000 pound secured loan, can they reposess my house? |
i took out a 6,000 pound loan 5 years ago recently i have not kept up the re payments thro lack of work. they have now written to me telling me they are taking me to court to start reprossesion proceedings. my house is worth 120,000 and my mortgage is 35,000. can they take my home?
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Can mortgage provider chase for additional monies owed |
Apart from my own home I own a number of rental properties. I am really struggling to pay the monthly payments.
If the mortgage providers decide to seize the properites and sell them, am I still liable for the shortfall between the current loan and the sale price the mortgage provider gets?
Would there be any difference if I was made bankrupt?
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Partners house repo'd owes 80k they have given us 10 days to pay what do we do? |
My partner had his house repo'd 2 years ago. They ignored all his letters to them and he had the house on the market for 18 months. He had one offer which the lender ignored yet they sold the house on the first day of advertising it for 30k less than he had been offered, how is this fair? He is self employed and we are paying all his debts between us.
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My husband set a company with his brother-the property they have is going to be repossessed |
Can the bank, bailiffs or creditors try to get anything from our family home, I have an ISA and we also own another house?
I am nothing to do with the company but we keep getting letters to our family home for non payment of council taxes etc.
Can We/I be liable for any of these debts?
If the company goes bankrupt will he still have to pay towards any debts and outstanding bills?
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Will they take the house in my name to pay my husbands debts? |
2002 my husbands business went in to liquidation. we couldnt afford to pay the money back and we moved over seas as he had a new job.
I want to buy a house in my name in the UK, will they take the house off me to pay for my husbands debts?
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Repossession of a house myself and my ex own,but he lives there. |
I split from my ex nearly 3 years ago, we joinly owned the house we lived in. When we split we both moved in with parents and put the house up for sale, after 1 month my ex moved back into the house we both own and took it off the market without my knowing. I asked him to get my name of the mortgage or sell it. Neither of which he would do.
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my partner & I have a joint mortgage, he has £20,000 of debt |
My partners business went down the pan and now he owes over £20,000. When the creditors come looking for him is our home going to be repossessed. I paid the deposit over 10 years ago with the sale from my old house does this come into consideration.
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I bought my house in 1999 i married in 2007 can i loose my home for his repossession debt |
i bought my home when i was in a previous marriage, i met my husband he took out a mortgage himself for another home but has now lost that home can i loose my house for his debts? ie the shortfall on his house, my house is still in my previous name never did include him on my mortage
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Hi had a flat repossesed in 1996 & need somw advice |
Hi, had a flat repossed in 1996, approx 2001 was contacted by debt agency saying that i owe £25k, £6k is the debt approx £19K interest??
Have been asking for the last few years to have a full breakdown of what the charges are for, but nobody seems to know? it keeps going to different debt agents but none of them want to answer any questions on it??
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My partner and I have split and I am worried I won't be accepted for a mortgage by myself |
I have split from my partner of 9 years, we were not married and I understand that I have no legal rights as we were not married. I would like to stay in the house that we jointly own but am worried that I will not be accepted for a mortgage due to the value of the property and my low wage. At present I pay all the bills and he is still paying the mortgage.
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If house is repossesd do i have to be bankrupt? |
My husband has lost his income due a gambaling addiction the family home we have is in negative equity an is 100% interesset only mortgage. If he does net find employment or we seperate there will be no money forreayments and nothing to cover the short fall if the house was repossed where does this leave me personaly?
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Partners ex still lives in their house with boyfriend, and refuses to pay mortgage |
My partner of four years has been seperated from his EX (they didnt marry but have two grown up daughters 24,20) for four years.
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HOUSE REPOSSESSION DATING FROM 1991 |
BEEN PAYING £20 PER MONTH FOR DEBT OF £2,500. TODAY RECIEVED A LETTER STATING THE BUILDING SOCIETY WISH TO REVIEW THE CURRENT PAYMENT OR REQUIRE A LUMP SUM
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Should I be updated by mortgage lender after voluntary repossession? |
I live in Scotland and handed my keys back to my mortgage lender in May 2010. I also have a secured loan against this property and and informed all parties of my actions. The secured loan company served me with a warrant to appear at a sheriff court for repossession in April 2011. I informed the sheriff officers that i had handed back my keys and that the first lender had possession.
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Charging Orders for Unsecured Debt? |
How long do these last once applied for and granted?
Can a charging order be made that allows my house to be sold for creditor profit many years in the future?
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repossession stopped as debt paid off |
I had to sell my house quick as an ex lived in it and let the debts pile up he assumed me and my new husband would pay for him to live there I had to take him to court to force the sale it nearly went for repossession but did not get repossed I tried to scare him by leaving it to the last minute thinking he would see what was happening he said he would rather it go for repossession than sell it I
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My daughter and husband have separated and are divorcing.He is going bankrupt |
The house my daughter (and her two sons) live in was purchased from us by way of a gifted deposit- my son-in-law did not put any money towards the purchase. Since the purchase we have loaned them £40,000 for a large extension.
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Property repossessed, made bank offer, if they decline, can we still buy back at auction? |
Our property has been repossessed and we have been negotiating with the bank through the receivers. We have made them an offer and have received a counter offer that is less than attractive. If we turn it down and try to buy it back in auction, is the bank legally still allowed to chase us for the excess? Incidentally, the offer we made originally made was extremely reasonable.
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2 mortgages on 2 homes, 1 may be reposessed |
I am unemployed at the moment and may have to sell or give back my house to the lender. My name is on another mortgage with another person, I pay nothing towards this mortgage, it is my elderly mothers home we borrowed some money on it and she was also worried that when she dies the property would not come to me.
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Can the house be lost to the Official Reciever if my estranged wife petitions for bankruptcy |
My wife and I hold a property jointly. We are estranged and have started proceedings to get a divorce (on two years separation)
She does not live in the property and is considering petitioning for bankruptcy. The house is in negative equity.
I want to know what the worst case scenario is likely to be please
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what happens next if you dont let the bailifs in to reposses your home |
we are on benefits and can no longer make the mortgage payments we are in arrears with a reposetion order on our home we have no where to go and cannot get any help
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Can the house be lost to the Official Reciever if my estranged wife petitions for bankruptcy |
My wife and I hold a property jointly. We are estranged and have started proceedings to get a divorce (on two years separation)
She does not live in the property and is considering petitioning for bankruptcy. The house is in negative equity.
I want to know what the worst case scenario is likely to be please
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Can a bank break a mortgage contract even if you have made all your payments? |
We have a chalet in switzerland bought in my husbands name. The original lending bank have been taken over by another bank who want to get out of the mortgage market and they have sent us a letter asking us to remortgage with somebody else. We have found this impossible because my husband was made redundant and we are building up a small business which is yet to show a proft.
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Should we just let the house be repossessed? |
We have had a lot of financial problems in the last 2 years, I was made bankrupt and lost my company in 2010 (discharged oct 2011) , my husband is currently in an iva (3 years to go) and we are in arrears of at least 10,000k on the mortgage and 5000k in arrears for the secured (45000) loan.
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I got a car on hp a few years ago and I could not keep up payments. |
I got a car on hp a few years ago and I could not keep up payments.
I was self employed and my work ran out, the company took the car back and I heard nothing for years. I just received letter saying I owe £8000.00 for it from a debt collector.
How do I stand on this do I have to pay it? I'm really worried about it please help....