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mambo69cat

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  1. Hi - I am new here and don't know how to start a question off so I hope you don't mind me jumping in here. My husband and I jointly own a house (for 20 years) with a mortgage (no arrears). I put a cash deposit down of half the purchase price and since then have contributed towards mortgage payments. My husband began property developing with his son and they purchased a house to sell on. His son defaulted on the mortage payments and the mortgage company sold the house at a great loss leaving a joint debt of £170,000. It is going to court to put a charging order on our house - they have both received notification, and you can naturally understand I am worried sick about our home. In effect, I own more than half of the property. We have about £100,000 equity in the house should it be sold at market value. We are both 60 years old and our married daughter and her husband live with us. Can anyone advise please. Should I write to the court advising them on my interest in the family home? Thank you
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