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Advice on making an offer

from Lenders Bane (lendersbane@yahoo.co.uk)
My house was reposessed in 1996, and I'm at the stage where I cant really wait any more before making ana offer. My family income is only 14k, but thinkgs are set to change this summer to about 34k, and we want to buy a house then. also my daughter will be starting a feepaying scholl and I'm worried th mortgage company can get a court judgment and force us to take her out of there so they can have the money.My questions are - 1. can they really do that?(school fees) 2. they say we owe then 40k.Whats a reasonble offer?(we haven't got any savings or assets) 3. I looked at the limitations act 1980 and I dont understand about arrears. section 20 part 5 says they cant ask forf them after 6 yrs from when they were due, but part 7 says they can ask for them for 6 years after the house is sold,I think. It makes a differene to me becuase its now more than 6 yrs since the reposession but less that 6 yrs since the house was sold.can anybody explain this please? thank you
(posted 8020 days ago)

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