Response to Sale after repossession (UCB Homeloans Corporation Ltd)

1. Deduct primary Mortgagee's share of selling proceeds. 2. From remainder deduct selling costs. 3. Take overall selling proceeds and work out what percentage is owed to the other mortgagee's. Apply this to the amount remaining after(1) and (2) satisfied. 4. Make this an offer to the remaining mortgagee's. 5. Without actual figures it is difficult to be more precise.

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