Jump to content

Jackiew4

Registered Users

Change your profile picture
  • Posts

    3
  • Joined

  • Last visited

Reputation

1 Neutral
  1. Hi, I'm in a similar position to you. Is your possession order from the Mortgage company or a secured loan? Either way, i wouldn't sign anything. I think it's on the National Debtline website that has info about Mortgage shortfalls and i'm sure it says not to sign anything. If you do I have a funny feeling, they can come after you for the money, whether or not you go bankrupt. I'm sure these banks/loan companies etc are getting wise to people going bankrupt and are trying any way to force people to have to pay them. On the insolvency website, it says about property in bankruptcy, so have a read there too. Speak to the OR, they will know what's best to do. Hope i was of some help! Jackie
  2. Hi Everyone, In relation to my previous thread, i rang Clarity to ask on an update, they advised that we could still offer to pay a small amount and keep the house. I asked why Firstplus couldn't of done this before court action, they advised that FP would of only been after the full monthly amount and now it is in there hands they can accept much lower payments. My problem is this, we are in a Housing Association flat, do we give up the flat 9if we do that and get repossessed again, we won't be offered another one) move back into the house and pay roughly £200 a month (which will be a tight squeeze on benefits) instead of the contractual £410. With this amount being reviewed every three months. I know some people will think we should be lucky to be given another chance, but i don't trust FP and are worried down the line, they will try to force us to pay more than we can afford each month. Realising that in a few years the house prices might go back up and then if they repossess the house, they will get some money from it. I understand the possession order sits over the property for six years. Do i take this chance, and hope that they will always be helpful and understanding and only allow us to pay what we can over the next 12 - 25 yrs. Or is it best if we allow them to take the house and stay in our H. Association flat. Any advice would be gratefully received Jackie
  3. Hi, We have a secured loan through FIRSTPLUS, who have taken us to court and got a possession order, which was for the 18th Jan. We were advised to move out of the property before this date, as the warrant of eviction could arrive through the door within 1-2 weeks. As we have a young child we did this. Also FIRSTPLUS in court argued over the fact that we got 42 days, instead of the usual 28. So we thought they would be in a hurry to get the warrant. It is now Feb 14th, the house is empty, and no warrant. We have phoned FIRSTPLUS, who advised EVERSHEDS was dealing with it, who advised us CLARITY (debt company) was dealing with it. The only thing EVERSHEDS said, before telling us to ring CLARITY, was that we could hand the house back to our mortgage company if we wished, but when we were living in the house the DWP was paying our mortgage each month (our mortgage company was happy with this). It was only paying FIRSTPLUS each month the problem! We believe now they realise that they will not get their 40K back, lucky if they get 5-8K after the house is sold, they don't want the hassle of it. What annoys me is now that we are not there (in H.A flat) the mortgage is not being paid by the DWP and soon the mortgage co. will be on our backs. Is there a time limit on when they got the possession order to when they have to get a warrant of eviction? And help or comments will be gratefully received. J
×
×
  • Create New...