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karend199
Starting Member
1 Posts |
 Posted - 05 March 2010 : 14:16:29
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| please can someone give me some advice,right myself and husband are divorced now, but we both have debt, mine is 25k. and we have a house which is in joint names.i would like to do the right thing ive been down to the local council.about this mortgage rescue .and they have put our house foward for it. i thought you would pay 20%less than the then the area rental . put they say it will be 625per month. which is more then some rentals in my area.also they say if they buy it i wont be able to pay my debt off ,and then claim a small % off housing benefit..i dont know if i am better giving the house back ,then going bankrupt. i want to do the right thing ,but they say i should go into a dmp that will take me 25yrs to pay off. |
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karen.1
Starting Member
10 Posts |
Posted - 05 March 2010 : 15:35:40
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also ,what if i sell then pay off debts ,and then go rented can i claim % housing benefit... need thid advice because it looks like ive a no win situation ..is it better to go bankrupt ..
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 05 March 2010 : 16:27:47
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Hi,
Why not have a conversation/email to one of the insolvency experts that post here - to the left of the page - I may be able to offer some advice if you have a "housing" issue
Come back as necssary, Richard
"There are no problems - only solutions" |
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karen.1
Starting Member
10 Posts |
Posted - 05 March 2010 : 16:31:35
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hi housing ive spoken to you before back in oct09. ive tried hard to do this on my own,now i find myself off work with stress. I had all the above advice from midland house in plymouth.
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 05 March 2010 : 16:34:21
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Hi,
Midland House are normally very good - what have they advised you to do?
Are you on the Housing Register with them for housing?
One thing I would say about them (and many other local authorities) is that you must be strong with their staff who may see options that are easier for them as opposed to being right for you.
Post back and I wil see what I can suggest - nice to see the sun shining in Devon isn`t it?
regards, Richard
quote:
Originally posted by karen.1
hi housing ive spoken to you before back in oct09. ive tried hard to do this on my own,now i find myself off work with stress. I had all the above advice from midland house in plymouth.
"There are no problems - only solutions" |
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karen.1
Starting Member
10 Posts |
Posted - 05 March 2010 : 17:08:56
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hi housing, first they want to get in touch with mortgage company to see if i can go interest only ,to stay a homeowner ,and enter a dmp for my debts (will take 25yrs + to pay).i dont want this!! or try for mortgage rescue ,but rent will be 625per month. which seems a bit high given the area where i live? then may/maybe not be able to pay debts off , but wont be able to claim housing benefit...and they still say should stay in dmp.i saw housing advisor and debt advisor.Iam not on housing list.dont know if it will be better to throw in the towel on this one.all i want to do is pay debts off, but by doing this i will not get help through housing benefit .
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 05 March 2010 : 21:32:04
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Hi Karen,
Do not throw in the towel...
You say that you have also seen a debt advisor - is that through Midland House or the CAB?
Have you got a further appointment regarding the possibility of MR?
If so, post back when you have seen them - I am of the view that MR may be of some use to you - do you have young children at school?
Do not do anything hasty as sometimes the plan takes a while to come good.
Regards, Richard
quote:
Originally posted by karen.1
hi housing, first they want to get in touch with mortgage company to see if i can go interest only ,to stay a homeowner ,and enter a dmp for my debts (will take 25yrs + to pay).i dont want this!! or try for mortgage rescue ,but rent will be 625per month. which seems a bit high given the area where i live? then may/maybe not be able to pay debts off , but wont be able to claim housing benefit...and they still say should stay in dmp.i saw housing advisor and debt advisor.Iam not on housing list.dont know if it will be better to throw in the towel on this one.all i want to do is pay debts off, but by doing this i will not get help through housing benefit .
"There are no problems - only solutions" |
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karen.1
Starting Member
10 Posts |
Posted - 06 March 2010 : 14:03:01
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ive had two meetings with debt advisor ,one with cab and one at midland house.I have one daughter at school.
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please can someone give me some advice
