House due to be repossessed. What's the best option?

[Road Pest]

Back to the drawing board for me then. Hope you get it all sorted Emsman.

[Jobbo]

James P said:

Lenders can only go for properties that they hold as security so if there is a second property they cannot go for that unless they also lent against it.

Not initially, but if there is a shortfall and the lender goes to court to try to obtain payment, they may get a charging order over a second property. If there is any equity in it worth charging, anyway.

ETA: sorry, you were talking about in the context of bankruptcy when, of course, no creditor will be given priority over any others so a charging order would not be appropriate. What I state above applies where the homeowner is not (yet) insolvent.

Edited by Jobbo on Friday 29th October 13:07

[5potTurbo]

Is the OP even reading this thread any more?

[Jobbo]

5potTurbo said:

Is the OP even reading this thread any more?

Maybe he lost interest when it didn't turn into a whip-round.

[SunnyD]

Maybe he couldn't afford to pay for the internet...

[James P]

5potTurbo said:

Is the OP even reading this thread any more?

I think he got the advice he needed early in the thread and has other things to do at the moment.

[Emsman]

He got some very good advice from a very decent ph'er.
Other than that, he has been stuck in a meeting all day.

[GT03ROB]

Hope it works out for the best.

[SplatSpeed]

keep us posted

good luck

[Wings]

SplatSpeed said:

keep us posted

good luck

+1 seconded, good luck and best wishes.

[SplatSpeed]

how is it going emsman??

[hornetrider]

Jobbo said:

5potTurbo said:

Is the OP even reading this thread any more?

Maybe he lost interest when it didn't turn into a whip-round.

Ooof

[James P]

OP - best of kuck tomorrow.

[SplatSpeed]

hows it going

good luck

[TotalControl]

Good luck Emsman. Hope it gets sorted soon mate.

[Emsman]

All is good thanks.

A little guidance from a man who knows is truly a great thing.
He knows who he is- and it's hugely appreciated.

Cheers all,
emsman

[SplatSpeed]

Emsman said:

All is good thanks.

A little guidance from a man who knows is truly a great thing.
He knows who he is- and it's hugely appreciated.

Cheers all,
emsman

glad it went well

you need some good news

[Anthony Micallef]

So what happened?? I didnt just sit and read all that for nothing :P

[SplatSpeed]

Anthony Micallef said:

So what happened?? I didnt just sit and read all that for nothing :P

it burnt down

[DonkeyApple]

SplatSpeed said:

Anthony Micallef said:

So what happened?? I didnt just sit and read all that for nothing :P

it burnt down

http://www.urbandictionary.com/define.php?term=Jewish%20Lightning