Property equity

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Carlos354

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Joined: Tue Sep 08, 2020 12:48 pm
Post by Carlos354 » Tue Sep 08, 2020 12:51 pm
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Hi I’ve got an IVA and my house is up for sale, the IVA are aware that it’s up for sale but how do they take my equity once it’s sold do they take it without me doing anything or do I need to make the payment once I receive the money.
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Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Sep 08, 2020 1:09 pm
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They usually liase with the conveyancer and the money will go to the IP from there.
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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