Debt

[dianehorn]

On the sale of our property we are left with a shortfall of �26,000 due to selling the house at a reduced price. The mortgage will be cleared but there is a secured loan on the property as well which will not be cleared. We have tried to obtain a personal loan for this amount, but due to missed mortgages payments, no one will help. Both the mortgage company and the loan company have added redemption fees which have not helped and neither company seems to want to help. If the sale does not go through it will be respossessed. Any suggestions

[kwicky]

I knew someone in your position. They declared themselves bankrupt!

[Mrs_Pegasus]

They have got you well and truely cornered. There isnt a great deal you can do, the loan will become due immediately if they actually agree to let the house sell! If they are aware that it is going to leave them short, I cant see them allowing the house to be sold.

[curlyfilm]

join this forum, just need to registar a user name and password, its only for privacy, just post a question, tell everything, how much you earn etc and help will be on hand, its full of people in similar situations, and insolvency practictioners who all have lots of experiance

http://www.debthelpuk.co.uk/cgi-bin/yabb/YaBB. cgi

ps. don't worry