A
Hi guys,
Anyway, I owned a house in another part of the country and I gave it back to the bank because of arrears and the area turned out to be very anti social.
Appreciate the help.
Annie
Annie, The best thing to do is to keep control of your inheritance when it comes through. Make sure you have a bank account that you can lodge the inheritance to, and make sure that it is not the same bank that holds your mortgage.
Once you have received the inheritance, you can negotiate with the bank as to how it might be used.
Others have advised you to pay the inheritance to the bank because you owe it. My view would be to ensure that your own welfare and that of your child is taken care of first. Paying back the bank would be my 2nd priority.
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