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repossession

from caroline Hui (carrots@onetel.net.uk)
We have a court order for repossession of our house. Our solicitor has said that the judge will have no alternative but to grant an order. We owe 20,000 in arrears but if we ask if we can pay our normal monthly payment plus an extra 250.00, this would mean the arrears would be cleared in 7 years. We have 12 years left to go on our mortgage. We have equity of £50,000 in our house. Our solicitor has said that the judge normally wants the arrears paid in 12 month, but this is impossible in our case. If we had our house repossed we would not have anywhere to go and we have to children. What do you think our changes our. Please could someone give me advise. Thankyou

Caroline

(posted 8044 days ago)

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