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Showing results for tags 'webb resolutions'.
Hi all just a quick query or ask for some advice. My husband went bankrupt six years ago. As the property was in negative equity I bought out the official receiver for a nominal sum of £1.- plus costs. Ever since then it's only my name on the deeds but both our names on the mortgages. We have a first main mortgage with Nat West and a secured loan with Picture which, after they folded, was sold to a company called Webb Resolutions. The property is still in negative equity as we have paid Picture / Webb for almost 8 years (£555 per month) but have hardly paid anything off
Hello, having been in a similar but not identical situation I wanted to put a thought to the forum for some input I am a joint property owner with a bankrupt and although the property is in negative equity by approx 30K and therefore not affected by a sale the scenario has bothered me from the beginning. I was amazed to learn that your property can still be sold even if you are not bankrupt, i.e. only a non bankrupt co-owner, i.e. your property can be sold to pay off someone elses debts and all you get is a letter from a trustee telling you resistance is futile and if sold you get the cash
I have a secured loan on my home which is currently in arrears (the company say arrears of £9000) but this is made up in part with excessive charges, compund interest, visits from 'mortgage counsellors', etc.My first charge (mortgage) is up to date and never been in arrears.The second charge is threatening litigation, reposession, etc. What is the worst that they can actually do? My home is in Scotland.Thanks for any advice.