mambo69cat
Registered UsersChange your profile picture
-
Posts
1 -
Joined
-
Last visited
Content Type
Profiles
Forums
Post article
CAGMag
Blogs
Keywords
Everything posted by mambo69cat
-
A guide to Charging Orders & Orders for Sale
mambo69cat replied to sequenci's topic in Financial Legal Issues
Hi - I am new here and don't know how to start a question off so I hope you don't mind me jumping in here. My husband and I jointly own a house (for 20 years) with a mortgage (no arrears). I put a cash deposit down of half the purchase price and since then have contributed towards mortgage payments. My husband began property developing with his son and they purchased a house to sell on. His son defaulted on the mortage payments and the mortgage company sold the house at a great loss leaving a joint debt of £170,000. It is going to court to put a charging order on our house - they have both received notification, and you can naturally understand I am worried sick about our home. In effect, I own more than half of the property. We have about £100,000 equity in the house should it be sold at market value. We are both 60 years old and our married daughter and her husband live with us. Can anyone advise please. Should I write to the court advising them on my interest in the family home? Thank you
Latest
Our Picks
Reclaim the right Ltd
reg.05783665
reg. office:-
262 Uxbridge Road, Hatch End
England
HA5 4HS
The Consumer Action Group
×
- Create New...
IPS spam blocked by CleanTalk.