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Response to voluntary repo tenanted property

from Lee (repossession@bigfoot.com)
I personally think you should voluntarily surrender the property to the lender if you are on benefits and have little chance of finding a job that will enable you to pay off arrears and the mortgage in the long term.

If you do want to surrender it (voluntary repossession), put the keys in the post to the lender with a note explaining that the property is occupied by squatters. They may choose to describe themselves as tenants but no lender will care very much how they came to be there so their existence isn't your issue. Personally I think you owe the lender the politeness of warning them that the place is occupied but how you choose to describe non-rent paying occupants is up to you.

Lee

(posted 8476 days ago)

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