Jump to content


secured loan/mortgage queary


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5713 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi just a quick question we are trying to sell our house but are having problems and are behind with payments, we are considering repossesion as we are moving abroad and just want rid off house, but the secured loan will not be paid off, what happens if house is repossesed, there will be enough to clear mortgage what will happen with regard the secured loan will they come after us, will they no if we are abroad, or could we declare bankrupcy, we already have a protected trust deed could we just force that into a full bankrupcy to include the secured loan, we have no intention of moving back here permanently so no intrest in credit raring or otherwise just want out.

Link to post
Share on other sites

what will happen with regard the secured loan will they come after us,

 

you would be liable for any shortfall.

 

will they no if we are abroad

 

possibly not

 

or could we declare bankrupcy

 

that would be an option, yes

 

we already have a protected trust deed could we just force that into a full bankrupcy to include the secured loan

 

That could be an option too

 

Have a read: http://www.aib.gov.uk/

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...