House Valuation

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Foggy

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Post by Foggy » Wed Mar 18, 2015 8:33 pm
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Assuming the reserve account borrowing is secured it will go toward the repayment and reduces the available equity.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Ta Dah

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Post by Ta Dah » Wed Mar 18, 2015 8:36 pm
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When you say secured, it is part of the mortgage and needs to be paid when the mortgage ends.
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Foggy

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Post by Foggy » Wed Mar 18, 2015 8:46 pm
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I would think it is secured. So the equity looks to be sub de minimis.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Ta Dah

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Post by Ta Dah » Wed Mar 18, 2015 10:05 pm
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I hope so. I can't handle another year ;(
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Ta Dah

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Post by Ta Dah » Mon Mar 30, 2015 9:34 pm
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Just a quick update. Had a call from McD's today and we dont have enough equity in our property, so we will finish at year 5. Well happy. Thanks for the advice.
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Foggy

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Post by Foggy » Mon Mar 30, 2015 9:36 pm
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Excellent news ---- the end gets nearer :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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