Tilly V mortgage express repo

[honey5]

I have been looking at private rentals but here the rents start from 580.00 for a 1 bed flat upwards for houses, although i have sorted out other benefits, they wont give me housing benefit until im out of here

 

thats crazy, thats more than my mortgage per month for a 3 bed semi. You need to move north lass

 

This countries just the pits when it comes to helping their own in times of need

Pleased to see youre still bearing up tills

 

honey xxx

[**Tilly**]

Hiya Honey

 

Im fine honey, ive decided no one or nothing is going to get me down stressed or make me ill, yes a few weeks ago i was starting to go on a downward slide, but tills is back up and running on full steam.Worrying about things will not change them you got to face them and thats what i intend to do.

[ja-de]

I've just come across this, don't know if it's already been covered in as much detail, if it has I apologise for posting again.

 

You cannot be evicted from your property without a court order.

The sequence of events from the first missed payment through to eviction is

detailed below. Remember – seek assistance at the earliest possible stage.

1) Standard arrears letter

Sent after the first or second missed payment inviting the borrower to bring

the account up to date or to call and discuss the problem.

2) Strongly worded arrears letter

Sent usually after two months advising the above or the case will be passed

to the lender’s solicitor.

3) Notification of a County Court Possession Hearing date (also known as a

Possession Summons)

If you have not reached an agreement with your lender, they will apply to the

county court asking them to decide what should happen with your property.

This does not mean that you will automatically lose your home. There will be

a reply form with the court papers for you to supply details to be considered

by the court. You will need to detail

a) Reasons for the arrears.

b) Details about your family.

c) A detailed household budget, showing your regular income and

expenditure.

d) Your offer to clear the arrears, including any notes made regarding

telephone calls and/or written correspondence. This must be specific and

practical.

4) The possession hearing

The purpose of a possession hearing is to decide on an arrangement which

is fair to both sides – not to find anyone guilty or innocent. You cannot be

evicted from your home on the day of the hearing.

The hearing will take place before a district judge at the County Court. The

judge will consider reasons for the arrears and want to know if the borrower

can afford to pay off the arrears within a “reasonable period”. You should

attend the court hearing to verify your circumstances: you may choose to

take a representative (e.g. someone from the CAB). The judge will issue either:

a) a suspended possession order - you keep the property if you maintain a

payment level agreed by the judge. If you keep to the payments, the

mortgage lender can take no further action.

b) an outright possession order - you will lose possession of the property.

5) Eviction (following an outright possession order only)

If an outright possession order is given, an eviction warrant will be passed to

the bailiffs. The bailiffs will inform you in advance of a time and date of

eviction to execute the warrant. On this date, bailiffs will arrive to remove you

from the property (if you have not already left) and to change the locks. The

space of time in between the court hearing and the eviction is usually a

minimum of 28 days.

If you are evicted, your home will be sold to pay back the mortgage. If the

sale does not meet the amount outstanding on your debt, you will still owe

the balance to your lender. It will leave you in negative equity.

It is important that you leave your home in a good condition - this will make

it easier to sell at a fair price.

Do not avoid seeking help because you think it is too late, even at the later

stages listed above.

[honey5]

thats the way girl

cant say you didnt have me worried for a while a bit back there, but youll come smiling thru in the end, one way or another that noose around your neck will be gone and you can start a fresh

honey x

[caro]

Sorry Tills but reality is biting hard at your heels. Take a look at this thread by Giz and have a think about some of the options she's linked to. http://www.consumeractiongroup.co.uk/forum/formal-solutions/56970-insolvency-dealing-debt.html

[**Tilly**]

Thanks caro, in fact i have reading a lot on bankruptsy it keeps going round in my mind

 

[**Tilly**]

I have to go offline now. Thankyou for your advise and posts today, i may get on a bit later,if not will see you all wednesday

[ja-de]

Catch you later Tills, keep your chin up hun!! xxx

[caro]

I think bankruptcy should be seriously considered. The house would still go, but you'd have no more debt and could start again with a clean slate.

[stonedecroze]

Tills, give Caro`s advice some serious thought girl

[**Tilly**]

Whoo im back, to stay this time

 

 

[**Tilly**]

I have been thinking about this, omg me going bankrupt

[Brassed off]

And why not though? What have you got to lose?

[stonedecroze]

You could be clear in a year Tills :eek:

[**Tilly**]

Your right what i have i got to lose, how do you go about it, more reading me thinks,

[Goldlady]

I have helped a couple of people do the big B and it is not at all scary if you have done nothing wrong. Here if you need me;)

[**Tilly**]

Thanks GL you just might here me shout, well i dont think i have done anything wrong :o

[Goldlady]

 

One of the people had been on so many holidays - like once a fortnight - the official receiver was a bit confused:o. But she had lived her entire life in poverty, brought up four kids on her own and at the age of 65 she had been given ridiculous credit limits on a few cards. So she lived it up:D. Still waiting for the OR's verdict on that one, but classic case of irresponsible lending there.

 

I am sure you would have every justification for doing it - if it is what is best.

[honey5]

 

One of the people had been on so many holidays - like once a fortnight - the official receiver was a bit confused:o. But she had lived her entire life in poverty, brought up four kids on her own and at the age of 65 she had been given ridiculous credit limits on a few cards. So she lived it up:D. Still waiting for the OR's verdict on that one, but classic case of irresponsible lending there.

 

I am sure you would have every justification for doing it - if it is what is best.

 

 

sorry had to chuckle

 

Tills what have you to loose, yeah it may be a daunting thought but hell you wont be the first nor the last, it doesnt carry the stigma it used too, your job would be safe, youd have no worries, and could start all over again

honey x

[stonedecroze]

The son of a friend of Mrs Stone had a similar situation a couple of years ago when his business got into problems, his home was repossesed and and he took the big B. Now he is back on his feet with a smaller business and also has a mortgage. he says it was the best thing to do at the time. Take your time and give it serious thought Tills.

[**Tilly**]

sorry had to chuckle

 

Tills what have you to loose,

You have hit the nail on the head honey, in a word nothing what i did

have ive lost already

 

yeah it may be a daunting thought but hell you wont be the first nor the last, it doesnt carry the stigma it used too, your job would be safe, youd have no worries, and could start all over again

honey x

 

You could be right honey it may be the way to go, if it is not too late, going into town later to sort out the issue so will pop into a cab office while im there, im in angry mode this morning so looks like i will be sorting

out a few peeps today,

[**Tilly**]

Hi Stone

 

I wont be jumping in feet first, it is a lot to think about, im multitasking with thinking

at the mo. what with this that and the other:confused:

[stonedecroze]

Glad to hear you have still got time to think about the other Tils :D

[TideTurner]

Any movement from ME Tills? What's happening with Bailiffs, or any chance of having the Order set aside, given you did not attend the original hearing, and hubby hid it from you? Regarding bankruptcy, you are not in the position yet, and if you do get there, you should have everything taken into consideration, warts 'n all, in 12 months nobody can knock on your door.

 

We all know the predicted house price fall, and with that will come rent falls. All of the banks with the biggest problems at the moment are those that have portfolios which include buy to let mortgages This is because as house prices fall, so will rental rates.

 

By getting out now, you may look back in 6 months and think "thank God I got out". Then in 12 - 18 months pick up a bargain.

 

Move North. The beer flows faster, and the men have bigger tattoos.

[**Tilly**]

Glad to hear you have still got time to think about the other Tils :D

 

 

:eek: lmao