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 I have 5000 pounds worth of equity in my house

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T O P I C    R E V I E W
elaine.cy Posted - 16 August 2010 : 17:23:36
I have 5000 pounds worth of equity in my house and want to go bankrupt. Am I able to keep my house?
2   L A T E S T    R E P L I E S    (Newest First)
Skippy Posted - 16 August 2010 : 18:08:11
Is the house solely in your name? If not you may find that you only own a percentage of the equity.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

Last IPA payment made on 28th June 2010 - it's over at last!
gettingoutofdebt Posted - 16 August 2010 : 17:58:04
Did you get a 'quick sale' valuation from an Estate Agent to show you are £5k in equity? If not then chances are you may be slightly in negative equity.

£5k may not be worth the OR's while as they will go for a quick sale to release any equity on the property as soon as possible.

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