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Showing results for tags 'repossession order'.
Hi everyone. This is my first post. I am in a complicated situation. I have received a threat to execute a Suspended Repossession Order that was issued against my original mortgage. However, I made a new agreement with my lender after the SPO was made. Is the SPO still valid? It is complicated. Some years ago I fell into arrears when ill, and a Suspended Repossession Order was issued. I am still ill. Interest payments were made by the DWP, but the account remained in arrears. The DWP payments only covered interest on the original sum borrowed, and the interest on the arrears was no
Friends need advice on procedure: 1: Situation: Possession Order in place, warrant not yet demanded because property in negative equity, but lenders really vicious and may go for it anyway. Son has come of age in last few months, so didn't sign away his interest in the property when loan was made. He wants to register an "over-riding interest" to stop possession of HIS home. I know it can be done using case of Williams & Glynn Bank v Boland, but how? Land Registry doesn't want to register anything but a financial interest, but such an interest as this doesn't have to be register
Can anyone advise. I was going through repossession, but at the last moment (friday) someone has offered for the house. It is low. only £120,000. The mortgage lenders have said a tentative ok, but the secured loan GE Money, who were pushing this, will get nothing. The problem is if they refuse this, which sounds as thought they will, the house will only fetch £70,000 perhaps even less. Any ideas as to what I could do? Can I make an application to the courts to stop this unlogical attitude? It would really make my christmas if anyone can help me on this? Thanks Viv
I was wondering if anyone could tell me where I stand. A repossession order was served against my property and suspended in July 2008. In November 2010 I cleared all the arrears, since then I have fallen into arrears again and the company is saying they are going to implement the order from 2008. I thought that order was no longer valid as I had settled the debt it related to. I did try talking to their representation today, but to be honest although they told me they could still enforce the order, it was more of a I believe / I think kind of response as opposed to the normal you ar