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Response to repossesion/2nd charge

from David J. Button (davidjohnbutton@supanet.com)
Firstly and most importantly YOU MUST GO TO THE HEARING IN PERSON.

Secondly - yes, they are able to repo the house BUT they are most likely to end up with a suspended possession order on terms EVEN if you have agreed a repayment schedule before then. This means that the possession order and a judgment for the £2400 plus costs is "held over" so long as you pay what is due under the court order (this does not appear on your credit record)

If you default again, then they can go back and order a Warrant of Possession and the Bailiff will ultimately evict you.

Other alternative is to pay them the £2400 plus any costs before or at the hearing - a judge cannot make a PO, suspended or not, if there are no arrears.

This highlights the dangers of securing either loans or second mortgages against property!!!!

Once again, I stress garybrown, GO TO THE HEARING, IF YOU DON'T THE JUDGE WILL MAKE AN ORDINARY 28 DAY POSSESSION ORDER WHICH IS NOT SUSPENDED!!!!!

(posted 7248 days ago)

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