if its your family home they would have a long and expensive legal battle to get you out. It could be dragged out for years ,by getting stay's on eviction etc. I think you would be entitled to free legal aid at that point but I may be wrong. If a judge sees you are paying what you can I don't think he would grant a sale order to the bank.
When both properties are sold, apply for a Debt Settlement Arrangement with a one year term. If they refuse it, go to the UK and go bankrupt.Brendan
My mortgage provider has requested my home be sold with immediate effect. I have had offers on the property before but the bank refused to allow a sale. Within weeks all has changed and I am being forced to accept the next offer of sale that comes my way.
Any shortfall that is accumulated when selling a home that is in dire negative equity will become my problem and they will chase me for the remainder. They are adamant about this.
Yes, you can refuse to sell it and force them to repossess it.Do I have any rights over the sale of this property?
No. They can't seek or force a sale.Do I have to leave it while they seek a sale?
An interesting point. These bills would usually be paid from the proceeds of sale. Check this with your solicitor.It is also suspected that I will foot the bill for the estate agents advertising fees etc.
The best advise, though I'd forget about wasting time on a DSA. Go now to the UK and leave this sorry mess behind you. ACC are blinkered and as you say your health has dis improved. Go immediately and let that lot sell your home. See how good they are then.
Having said that, it's a pity that the OP and ACC can't sit down and agree an exit strategy which suits both of them.
Yes, the situating has been very disheartening. I agree that the loan is unsustainable but an exit strategy instead of a one sided, dictatorial meeting would have been more beneficial for all concerned.
Yes, the situating has been very disheartening. I agree that the loan is unsustainable but an exit strategy instead of a one sided, dictatorial meeting would have been more beneficial for all concerned.
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