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Posted: Sun Nov 08, 2009 11:35 am
by caknight
Hi
We both have 18mths left to run at 179.20 a month, what would be considered a fair FNF figure?
Cheers
Posted: Sun Nov 08, 2009 11:39 am
by kallis3
Hi,
What was your total debt? That will have a bearing on things.
Posted: Sun Nov 08, 2009 11:45 am
by caknight
Humm not sure 66k comes to mind, I am at work so can't get my hands on it
Posted: Sun Nov 08, 2009 12:25 pm
by kallis3
It will all depend upon how much you can offer and whether or not you have an equity release clause.
Posted: Sun Nov 08, 2009 4:48 pm
by caknight
I think we have an equity release but the house is worth less now than what we paid for it.
Posted: Mon Nov 09, 2009 4:22 pm
by RJC
Best bet would be to speak with your IP. They will have a good idea on what creditors would likley accept as they know minimum dividend requirements, reduction of fees for shorter IVAs etc.
Put a call into them, and they should prepare an estimated outcome statement for you showing anticipated dividends for various full and final offers.
Posted: Mon Nov 09, 2009 4:37 pm
by kallis3
Where would you be getting the money from for a full and final?
If it is a relative then you need to make sure that the creditors know the money is only available for a full and final.