| T O P I C R E V I E W |
| joella68 |
Posted - 19 January 2009 : 11:25:18
hi all, 
i have received my VR form from northern rock but i am a little concerned as to whether we should sign them or not, reason being, that they say that by signing you accept that any shortfall after the property sells you are saying that you accept they can pusue you for that debt, we are bankrupt now so not sure if we should be signing any agreements right now ???
moving forward to new beginnings |
| 10 L A T E S T R E P L I E S (Newest First) |
| joella68 |
Posted - 19 January 2009 : 20:01:50
bumping this up for ALL TO SEE !!!
moving forward to new beginnings |
| joella68 |
Posted - 19 January 2009 : 13:11:33
hi all,
just found this on the insolvencey website !
After the date of the bankruptcy order the mortgage loan creditor may ask you to sign a "deed of acknowledgment" of the outstanding debt. If you have signed such a deed the mortgage loan creditor can take action against
you to recover any shortfall following the sale of the property.
moving forward to new beginnings |
| joella68 |
Posted - 19 January 2009 : 12:16:20
no dont worry I WONT SIGN !!! we too have informed council tax, i will just have to phone northern rock again and tell them i can not sign the forms and that they will have to re-posess me !!!
moving forward to new beginnings |
| Jane.l |
Posted - 19 January 2009 : 12:15:06
We left our house in April 2007, we last paid the mortgage in January 2007, NR got a Possession Order in August 2007, (stupidly, I thought this meant it had been repossessed so we went bankrupt at end August 2007, but NR did not get a Warrant and change the locks until March 2008  |
| Mr.E.Guest |
Posted - 19 January 2009 : 12:10:59
Don't sign!!!
We sent our keys back and the mortgage provider said they'd send forms for us to sign back in December but they haven't as yet - they have verbally acknowledged receipt of the keys and we sent them recoreded delivery but we have not had a formal repossesion notice as such - what do you normally get - a certificate of repo or something?
We've informed the council to so they are no longer charging Council Tax - as far as I'm concerned its now the property of the MP - they can do what they want with it and any shortfall is theirs...
Tim
What doesn't kill you makes you stronger (I hope ;-) |
| movin on |
Posted - 19 January 2009 : 12:10:49
Some peple could easily be fooled by that and once br be left with another huge debt - so glad you didnt sign and send it back 
Jenny
XX
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
| joella68 |
Posted - 19 January 2009 : 12:07:15
hi jane,
cant believe how sneaky they are, they were soooo nice when i told them i needed VR, how long did they take to re-posess you ?
moving forward to new beginnings |
| Jane.l |
Posted - 19 January 2009 : 11:54:25
This is exactly what NR did with us too
I refused to sign the forms and I just rang them up and told them why and to get on and repossess the house as soon as possible but they dragged it out for some unknown reason |
| joella68 |
Posted - 19 January 2009 : 11:45:23
OMG thanks for that john !!!!
thank god for your speedy reply and that i asked the question.
these companies are so sneaky arnt they !!!
i told them i was now BR and they said that i needed to fill out these forms in order for the process to start !
moving forward to new beginnings |
| John |
Posted - 19 January 2009 : 11:28:44
Hi
you should not sign this document under any circumstances. You've no need to sign anything in order for NR to repossess the property.
As you say, if you sign and return the document you will be liable for the shortfall despite the fact that you have included it in your bankruptcy.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
