Why does IVA company need a property valuation?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1

rachael558

User avatar
Posts: 18
Joined: Tue Oct 20, 2020 7:38 pm

Post by rachael558 » Mon Jul 19, 2021 12:26 pm
hi please help my husband is dying from heart failure and we have asked to do paid to date on iva just been told that one creditor wants a valuation done on house so so scared my property is being taken when my husband is dying god these companies do not have any respect at all please please someone explain to me why this is happening?

Foggy

User avatar
Forum Expert
Posts: 33029
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jul 19, 2021 12:42 pm
They want to see what they might be missing out on -- callous, I know, but to them it is business ! They won't take your home, but might prefer the IVA to run if there is a chance of equity release or 12 months extra payments.

To be blunt, equity release would seem unlikely in the circumstances and hanging out for 12 extra payments is reprehensible .
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”