House

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andrew_w

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Post by andrew_w » Thu Jun 12, 2008 11:51 am
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My sister has left a house where she had a joint mortgage with her partner, not amicably.

have spoke to IVA and they are happy with current arrangemants.

The off shoot is that she has to pay for a rental property therefore cannot afford her half of the mortgage. The ex partner has now moved in. What will she be entitled to if say the house does not sell for 6 months, or is repossessed?

I know this may be the wrong forum, thanks for any help or experiences.
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Adam Davies

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Post by Adam Davies » Thu Jun 12, 2008 9:11 pm
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Hi
If the house is sold and there is some equity then she should be entitled to part of this,if the house is repossessed then she will be liable for the FULL shortfall if she has a joint mortgage.
She really needs to take professional advice on this matter
Regards
Andam Davies
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