Hi everybody
I have been looking at varies threads and have not been able to find a scenario the same as mine.Here is a brief outline of my situation.
Home...fully serviced mortgage(25,000 owed finished 2017)
4 buy to lets...400,000 negative{don't want to name bank as they are watching these sites}
no other assets.
Im getting nowhere with the banks,i don't believe they will allow me go insolvent as incomes are not good enough.I am fully prepared to go bankrupt only if forced to do so.im not going to allow them bully me and Im wondering what path to take.My only concern is that they may enforce an eviction if I carry out the following action.
Hand back the keys..Do nothing..go to court after sale,get judgement on home for 12 years,(that's ok, im under 50 and not planning to sell home)
Are they likely to inforce an eviction? Thankyou
I have been looking at varies threads and have not been able to find a scenario the same as mine.Here is a brief outline of my situation.
Home...fully serviced mortgage(25,000 owed finished 2017)
4 buy to lets...400,000 negative{don't want to name bank as they are watching these sites}
no other assets.
Im getting nowhere with the banks,i don't believe they will allow me go insolvent as incomes are not good enough.I am fully prepared to go bankrupt only if forced to do so.im not going to allow them bully me and Im wondering what path to take.My only concern is that they may enforce an eviction if I carry out the following action.
Hand back the keys..Do nothing..go to court after sale,get judgement on home for 12 years,(that's ok, im under 50 and not planning to sell home)
Are they likely to inforce an eviction? Thankyou