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 can I but the beneficial interest in my home

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T O P I C    R E V I E W
debtrider Posted - 02 September 2009 : 13:35:02
I went bankrupt on 20th October 2008 so I am due to be discharged in about 6 weeks time. I am in the process of buying the beneficial interest in my home. My Mother as offered to give me the money to buy the BI. Now should I wait until after 20th October 2009 or could my mother give me cheque for the amount. I was told by an expert that this could be done. It saves any a hassle over future interest in my home by a third party.

The problem is that I have paid £130 for a valuation on 7th August, would this still be valid on 20th October, or would I have to get an up to date valuation.

Thanks again

debtrider
5   L A T E S T    R E P L I E S    (Newest First)
Reviva UK Posted - 03 September 2009 : 21:29:43
I will send a duplicate set out tomorrow with the updated info about costs

Paul

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
debtrider Posted - 03 September 2009 : 09:26:20
Hi Paul

Good to hear from you Paul.

It's just that I phoned the OR office today and she said she had not recieved anything from you. She also said she needed 2 valuations, I explained to her how much these cost (£130) and that I could not get the money for another one. She understood this and told put me to put this in writing so she could pass it on, should I do this?

I appreciate the help you are giving me Paul, but I could be waiting forever if the documents sent them have got lost in the post or mislaid.

All the best and look forward to hearing from you.

Debtrider


Reviva UK Posted - 02 September 2009 : 21:45:55
Hi Chris

timeframes are not a problem however the money must not go into your account from your Mom because technically this could be classed as a windfall.

The cheque to the Official Receiver needs to be made out directly to them. I can confirm that documents and an offer has been made and we need to just wait. I will chase them for you on Monday.

On a different note 20th October !!!!! wow that has gone quickly.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
debtinfo Posted - 02 September 2009 : 21:31:49
you can do it now no need to wait, it can take weeks to go through anyway
Housing Posted - 02 September 2009 : 13:42:23
Hi debtrider,

I do not know the answer to allm of your question, but so far as a valuation is concerned, I would go to a local independent estate agent (I was one of those nice people once!) and say that you are looking at relocating and can you let me have a valuation please... It will cost you nothing and should be acceptable to the OR

On the balance of the question, I cannot advise, but I am sure someone will, good luck, Richard

"There are no problems - only solutions..."

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