do i sell?

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jim_h

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Post by jim_h » Fri Sep 07, 2007 11:38 pm
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to ray_a i had no option as house was going to be repossed in days informed supervisor of intentions as very little equity if you read my posts under heading house jim_h more infor
Last edited by jim_h on Fri Sep 07, 2007 11:40 pm, edited 1 time in total.
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ray_a

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Post by ray_a » Sat Sep 08, 2007 11:55 am
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Hi Jim

I think I can see how how you did it and I think you did well to keep your home in an IVA !

Well Done!
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lizziej

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Post by lizziej » Sun Sep 09, 2007 8:48 pm
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We too are in your position - Mortgage and Picture loan - we were advised by our Ip that we were over the 40% limit and the house needed to go and we have to rent - tough decision to make but we did it - up for sale one night sold 48hrs later at full asking price - I rang Picture loan and told them that house had sold and that they would be getting all of their money back - they suspended our monthly payment for one month to allow us to use this for rent deposit etc etc - now just waiting to here on our IVA for similar amount of unsecured debt as you - look to the future and hope!
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ray_a

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Post by ray_a » Mon Sep 10, 2007 12:26 pm
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Be careful about rental deposits because if we are in IVA's then you might need to make a higher deposit of say 6 months.

Do check this out with your local leeting agents!

Good Luck

Ray
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