[ Post New Message | Post Reply to this One | Send Private Email to Jim Devine | Help ]

Response to Selling prior to repossession, and after?

from Jim Devine (JD@anon.com)
The lender or a 2nd charge cant prevent you from selling the property prior to the hearing. But they can afterwards simply becuase they will own the house and it wont be yours to sell.

The judge is only likely to consent to the order if:

A) you dont turn up B) you show no intention to pay.

Fist things first..

If your going to sell the property get it up for sale before the hearing and take a marketing pack to the court to prove it. This will sway the judge immediately to giving you some time to see if you can sell the property.

secondly make sure you go to court with a payment proposal showing your willingness to meet the debt under you current financial constraints.

Both of these will prevent an order for possession being given. Is it definately just the loan secured on the property you are defaulting with or is your mortgage in arrears? If it is you need to make some sort of proposal to repay your lender as well.

All you need to fo given your comments is buy some time to get the property sold, the above should help.

You dont legally have to tell the I-group your selling the property but I would advise telling them and sending them a marketing pack for your property proving it. This will show a judge that your keeping in touch with the I-group.

Good Luck

(posted 7698 days ago)

[ Previous | Next ]