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emdaz
New Member



71 Posts
Posted - 17 May 2009 :  14:49:45  Show Profile  Reply with Quote
thanks paul for your quick replies, really helping us out.

How would we go about the transition can we just walk away from this house first, or is there an official process???
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 17 May 2009 :  15:04:51  Show Profile  Reply with Quote
there is a process

and you do need to do it right so you don't get caught out by the mortgage company and sign the wrong form.

many folks who are going to hand back a mortgaged property would probably skip the mortgage payments for a few months while they save up for the deposit for rental.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com

Real People ..... Real Debt Solutions
www.revivauk.com
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emdaz
New Member



71 Posts
Posted - 17 May 2009 :  15:13:10  Show Profile  Reply with Quote
Is this ok with the or, and would we contact the mortgage company or would the or do it after br??
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 17 May 2009 :  16:15:09  Show Profile  Reply with Quote
you need to plan for you and the family FIRST.

so lets say you didn't pay the mortgage for june, july & august and planned to move out in August / september that would be fine.

Then I would look at petitioning for Br AFTER you have moved so Sept / oct.

That gives you time to sort out the car, deposit for new place, time to move etc etc etc .



Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com

Real People ..... Real Debt Solutions
www.revivauk.com
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