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Can anybody please help me with the situation I'm in.

I split up with my ex last year and moved out of the property, he wouldn't sell the house and wanted to stay in it so a transfer of equity was sent out.

 

I hadn't had any correspondance from the mortgage company GMAC so I called them to find out where my information was to say my name had been removed - it hadn't....

My ex hadn't signed the forms an further more hadn't paid the mortgage. It was then too late to remove my name as the account was in arrears.

A year later and I'm settled in a new relationship, my ex has paid the mortgage once and the house is about to be repossessed but because my name is still on it I'm liable for the debt and my ex is playing on this....

 

I can't afford to make any repayments and my ex wont make any payments either.

 

I don't know what to do or what will happen once the house has been taken.

 

Im worried my ex will disappear and then solictors will want the money of me when I havn't really got any money to spare.

 

Does anyone have any advice please?

 

The debt is spiralling out of control and there's going to be a shortfall.

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Hi there, in your situation Natalie I would consult a solicitor. There are lots of law firms who give free one hour consultations where you can get the best advice to deal with the situation.

 

If you are unable to pay the arrears or indeed the monthly mortgage then I'm afraid the house will be repossessed. One solution might be to rent out the property to cover the mortgage until the market picks up and you are back in positive equity. Is your ex still living there?

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Hi,

 

Thanks for getting back to me.

I have already spoken to several solicitors but they don't really give me much information apart from I maybe need to speak to CAB or debt advisors.

It just doesn't help the fact that my ex might just disappear and leave me to deal with this mess.

 

I just feel like I've been backed into a corner.

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