B+B Mortgage shortfall sold to mortgage express now DCA Chasing.

[BRIGADIER2JCS]

So do I,am going to speak to my colleagues

tomorrow see if they have any ideas.

Brig.

[confusedbunny]

ok thank you. if i knew how to upload it on here i would let you see the questions.........

[BRIGADIER2JCS]

As I am totally useless without me quill pen and ledger

lets see who can help with that.

 

Brig.

 

BUMP

[confusedbunny]

I have uploaded the form...........

[BRIGADIER2JCS]

HI, It's a bit too small to reas, but the first

page looks like an I&E, still say Iv'e not seen

any thing like it.

Can you enlarge the pictures please.

[confusedbunny]

ok, i will try. the first part is a i&e then it gets more details. i.e. details of any other assets, proposals to pay debt back and consent for any possible indemnity insurer to have all details.

[BRIGADIER2JCS]

I am presuming that there is no order

from a court to produce such a full

financial statement:?:

[confusedbunny]

no, definately not!

[BRIGADIER2JCS]

Then I think they've got a BL**DY cheek

requiring it.

[confusedbunny]

thats what i dont understand. i thought they need to sell the house before all this can be done, once figures are final.

[BRIGADIER2JCS]

That would be my thinking to, I would

ask outright why they need this information

now and what authority they have for doing

so, I feel also that other ''assets'' do not have

any bearing on this it's a short fall not an IVA

or bankruptcy!!

[confusedbunny]

UPDATE!!!

The mortgage company have refused to allow the property to sell at shortfall until i complete their "form"!!

I asked them to put this is writing and they have refused,

at the very least i have said i will send my own I & E form

but they refuse as they want this form signed as it has more questions other than I & E info!!.

 

 

....what do i do now..

...(i explained my I & E has no relevance until the debt has been finally agreed and an updated I & E will be given to the court in due course..

..they disagree, i suspect they are more interested in the "other" questions on the form regarding my assets.........)

[citizenB]

What are the questions they want answering that are not on your I&E ?

[confusedbunny]

other questions are, what are my payment proposals to pay shortfall? other assets? savings and other property owned? if so, what are the balances!

[BRIGADIER2JCS]

Sounds like they are looking

for other property with a view

to getting a charge over it imho

your savings is a private matter

and absolutely none of their business.

I would not respond to that.

[confusedbunny]

.....But wouldnt i have to fail paying agreed monthly instalments via the court once the debt is clarified, can only then they apply for a charging order?

 

can they apply for a charging order on my second property before they sell the other property at shortfall?

[BRIGADIER2JCS]

I don't think so, probably looking to the futurer

I suspect just in case you have problems in the future.

[confusedbunny]

i just need to know where i stand with regards to the situation with the 'form'......

[BRIGADIER2JCS]

Personally I would not answer the

saving question, I am inclined to suggest

that you should seek independent advice

on this if you have other ''interests'' that

may be used to secure the shortfall.

Others may have different opinions.

 

Brig.

 

BUMP

[PriorityOne]

UPDATE!!! The mortgage company have refused to allow the property to sell at shortfall until i complete their "form"!! I asked them to put this is writing and they have refused, at the very least i have said i will send my own I & E form but they refuse as they want this form signed as it has more questions other than I & E info!!.....what do i do now.....(i explained my I & E has no relevance until the debt has been finally agreed and an updated I & E will be given to the court in due course....they disagree, i suspect they are more interested in the "other" questions on the form regarding my assets.........)

 

 

Personally, I would raise a formal complaint about this.... to force them to respond to you in writing. Send by rec. delivery. One way or another, you'll have to play a waiting game but so you might as well make them sweat it out a bit as well.

 

[confusedbunny]

ok, i think i will. but my shortfall bill is just increasing daily whilst this mess is resolved, they can see i have achieved the best price possible and now might lose the current buyer! making me so ill.....(:

[BRIGADIER2JCS]

Hi. P1's advice is sound make a clear

concise complaint,and insure the words

FORMAL COMPLAINT are use as the heading.

[confusedbunny]

ok, i am so scared! the DJ advised me to apply to the high court for an order of sale id they keep delaying their decision, shall i do this aswell as the letter?

[BRIGADIER2JCS]

If a DJ gives advice then you can take it,

and there is a good reason for it.

Yes do both asap.

Brig.

[confusedbunny]

i was advised early into this thread to not go for this option as i will be relieving them of THEIR duty! im confused what to do for the best because ultimately its me going to be left with the debt!