mortgage shortfall added into iva

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newbeginnings

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Post by newbeginnings » Wed Aug 28, 2013 8:10 am
You may recall last week we decided to sell our home and rent another cheaper one.we had made a fandf offer but have been told the shortfall can still be addded. Well things moved very quickly and we have someone wanting to buy our house for approx £35 000 less than what we owe to our mortgae provider. Our total iva is approx £102 000 and I was wondering what any experts opinions were on the likely hood of this shortfall being accepted.
 
 

ClareSilver

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Post by ClareSilver » Wed Aug 28, 2013 9:04 am
Was your mortgage company added into your IVA as a contingent creditor? Whch mortgage company is it?
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