Search found 26 matches
Search found 26 matches
Page 1 of 2
- by cowboys14
- Wed Jun 06, 2012 11:22 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Mortgage lender refused short sale... What next?
- Replies: 12
- Views: 3346
I am glad things worked out for you Anna. We just feel so trapped and no-one wants to offer us any help. I am going to seek professional advice from a few different people before deciding what to do but I know at the back of my mind that handing back the keys is what we will end up doing. The irony ...
- by cowboys14
- Wed Jun 06, 2012 6:14 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Mortgage lender refused short sale... What next?
- Replies: 12
- Views: 3346
Hi Sponge.. I don't want to fail it but if I carry it on until the end, that particular debt will be no more but I will still have the mortgage shortfall which will become an unsecured debt if we voluntary terminate. It was just someone who answered the phone at my IVA company but he was sympathetic...
- by cowboys14
- Wed Jun 06, 2012 5:35 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Mortgage lender refused short sale... What next?
- Replies: 12
- Views: 3346
Hi Guys, I am 3 years in to an IVA just in my name. We have finally sold our house which has a joint mortgage but we have a shortfall of around £30k. Mortgage lender called me today to say they are refusing the short sale and offering us no solutions to pay the shortfall back. The mortgage is over £...
- by cowboys14
- Sat May 05, 2012 11:32 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Selling my house in negative equity.
- Replies: 5
- Views: 2392
Selling my house in negative equity... Hi Guys, I have finally sold my house after being on the market for a year. My mortgage is really expensive and I have been paying just the interest for the past 12 months. I owe about £212000 and I have just agreed a sale at £189950 leaving me £23k upside d...
- by cowboys14
- Sat May 05, 2012 11:23 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Just sold my house but have mortgage shortfall...
- Replies: 2
- Views: 1204
Hi Guys, I am looking for a bit of advice and reassurance please... Having been in a massive mortgage that we can't afford and paying interest only for the last 12 months, we have just sold our house after being on the market for a year and we will have around 25k negative equity. I am 3 years in to...
- by cowboys14
- Sat Mar 24, 2012 11:37 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Should I let my IVA fail and go bankrupt?
- Replies: 30
- Views: 6922
Daniel, Please don't take any offence...I am grateful for all your advice thats why i use the site. I think I made a wrong decision before so now I want to consider a lot of other opinions before I decide what to do next. When I took out my IVA it seemed the best solution because we could afford the...
- by cowboys14
- Fri Mar 23, 2012 9:29 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Should I let my IVA fail and go bankrupt?
- Replies: 30
- Views: 6922
Thanks for the support Anna and Broke. I think Daniel just doesn't realise that at the time of taking out my IVA I wasn't contemplating bankruptcy at all because I could afford my mortgage repayments. So much has changed since then and now I am in a house that although I love it, I begrudge paying s...
- by cowboys14
- Fri Mar 23, 2012 2:00 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Should I let my IVA fail and go bankrupt?
- Replies: 30
- Views: 6922
Daniel, I decided to do an IVA rather than bankruptcy in 2009 because we wanted to stay in our house and the mortgage was affordable then. My income dropped considerably at the end of 2010 and I had to draw up new income and expenditure forms etc and the mortgage became even harder to pay. It is a r...
- by cowboys14
- Thu Mar 22, 2012 11:20 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Should I let my IVA fail and go bankrupt?
- Replies: 30
- Views: 6922
Thanks for that Broke. We could keep paying our mortgage until we have equity again but it is £1300 a month and still has 27 years to run and I can't see it being anything less than 15 years the way the market is until we are in equity! I was contemplating going bankrupt then renting places and savi...
Search found 26 matches
Page 1 of 2