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advice wanted, want to buy our council house, was repo in 1995

from sandra patten (santrev@lineone.net)
We had our home repossesed in 1995 and in 2001 received a shortfall claim for £9,954. We then received several letters offering us a final settlement of £2,450 but hadn't got the spare cash to pay it. We carried on getting the offer of final settlement, every Jan and July, but if my memory serves me correctly we havn't heard anything for about two years, we moved house a year ago and we have had mail given to us from the person who now lives there, and there has never been anything about the shortfall.

We now want to buy the council house were in but are afraid of doing so incase they try to claim the house once we have bought it to cover the shortfall. We don't know if the 12 year rule applies here, but if it doesn't we are willing to finalize the situation by making a final settlement, I have previousely been advised that if they are offering £2,450 we could get it down to £1,500, how can we find out our situation?

Also, how would all of this reflect on our application for another mortgage and when I once got the info from the council about right to buy it asked on the questionaire if you had ever had a home repossesed, why? Are you not allowed to buy your council house if you have?

I know i am asking a lot of questions, just hope someone can help us understand our situation and advice us of the next best step towards our goal of owning another house and being able to put the past one behind us onece and for all.

Thanks san

(posted 7231 days ago)

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