joint mortgage and bankruptcy
Missed mortgage payment!?
I’m currently going through a divorce and my property has been up for sale for months. There is a secured loan on my house and as I am paying for the upkeep of my children my husband agreed to pay for the mortgage and loan. I moved out last year and he has also moved to his sisters so no one is living in it. Last night he sent me an email to say that he had missed a payment as he could not afford it. He contacted the bank and they said after 2 payments they take legal action. I dont know what to do as I’m worried sick! It is a joint mortgage and the words repossession, blacklist and bankruptcy are scaring the life out of me – can anyone help? What will probably happen and are these words as serious as I think as I’ve never been in the red in my life! Whats the worst that could happen???
Contact your loan provider and your mortgage company explaining the situation and ask them for advice. Also get in touch with citizen’s advice who will help you sort this out. It is a good idea if you are finding it difficult to make ends meet to contact your social security office who may be able to help also your council re rate rebates . I don not know your income but all fields are worth a try.
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FRM fallout will continue to dog Concord: victims not satisfied with joint committee report findings.(FINANCE)(Financial Resources Mortgage Inc.): An article from: New Hampshire Business Review $9.95 This digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on September 24, 2010. The length of the article is 1463 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: FRM fallout w… |
