Property valuation before the end of IVA

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thompson
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by thompson » Thu Apr 12, 2018 4:39 pm
HI can you help
why d o i need to have my property valued before the end of my IVA
If the value has gone up will I be forced to sell ?
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Foggy
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by Foggy » Thu Apr 12, 2018 4:43 pm
They need to work out the equity to see if the equity clause will be triggered. If it is they will want you to attempt to release equity or, failing being able to do that they will extend the IVA by 12 months -- this is all in your paperwork.
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kallis3
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by kallis3 » Thu Apr 12, 2018 5:19 pm
You won't be forced to sell, just extend as Foggy says.
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