Hi,
I wonder if anyone has any experience in this and can help me.
I have a property with tenants in and they paid upfront for the year, unfortunately i couldn't make all of my mortgage payments and they bank have now appointed receivers to collect the rent from the tenants. They are now dealing with them direct and collect for the 2nd year.
Does this mean the money is going to wards my mortgage or have they just taken the property from me. I don't want to call them without having some knowledge about this. I believe the property is still in my name and is also in negative equity.
If anyone has any advice or has had a similar experience please let me know. I want to get this sorted out but don't know how.
Thanks
Marie