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Posted: Sun Sep 16, 2007 12:53 pm
by pm.e
Hi,

If NR were to be sold or went bust, what would happen to a charging order that they have on our home? (its only in my wife's Beneficial Interest)

The terms of the charging order make us pay a small monthly payment each month as ordered by the Judge to NR.

If NR is sold, would the charging order that they secured become null and void?

I also assume that the mortgage we have with them would just transfer to the new company???

Any help would be appreciated.
Many thanks,

Posted: Sun Sep 16, 2007 3:09 pm
by mikebdomain
IF their sold or bought out. All beneficial interests will pass to the new company, your charging order will stand…

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Posted: Sun Sep 16, 2007 3:54 pm
by pm.e
Many thanks for your help,