Archive for mortgage arrears
Nov
04
Ch. 7. Motion to lift stay(mortgage) In Arrears.How long do we have?
Posted by: | CommentsI am three months behind.. Filed chapter 7 two weeks ago. I have gotten 1 letter when i was 2 months behind giving me 30 days to pay or the foreclosure process would begin.( According to that it would have started on march 9th) I don’t mind leaving. I feel grateful that we were allowed to stay as long as we have…but…when will we be out? What’s the time line? What’s the process the lender needs to go through?
Sell House Quick
Oct
09
I’m getting divorced, my husband became violent and I’ve had to call the police on a number of occassions. He used to earn a lot of money so we bought a house for £140k, with a £100k deposit so we needed to borrow £40k which we took over 2 years. I do not work and he does not give me any money to look after our 3 year old daughter. I took a mortgage break in September which ends at the end of this month. The payment due is £3700, which I won’t be able to pay. I have phoned the mortgage company and told them all of this, and to ask if I could have an interest only mortgage. But they said that this could only be done if my husband rings up to agree to this. He won’t do this because he wants me to loose my home so that he can get his deposit back. I am just very worried now what the consequences of going into mortgage arrears are?
Repossession











































