Repossesion Court Hearing

[ajg36]

Hi

I am in court for possession of my property from a 2nd charge lender, property major negative equity and been told that they wont take the house but sell the debt to a 3rd party debt collector.

Does this ring true surely thats having your cake and eat it and why on earth go for possession if u arent going to enforce it. Has anyone ever known this and what exactly will happen to my home etc?

Any advice would be really appreciated in court on weds.

THanks

[charitynjw]

Re: Repossesion Court Hearing

Hi ajg36, & welcome to Legal Beagles.

There aren't too many of our 'regulars' on the forum tonight, but I'm sure you'll get plenty of replies later in the morning.

[ajg36]

Re: Repossesion Court Hearing

Case got adjourned pending ombudsman complaint, no idea whats going to happen seeing as the company has clearly stated in a signed letter form the Cheif Executive that altho they are seeking a possesion order they wont enforce it leaving me with a carrot dangling whereas they could take my home at any given time, surely this is a human rights issue

Any help would be great.

Hi

I am in court for possession of my property from a 2nd charge lender, property major negative equity and been told that they wont take the house but sell the debt to a 3rd party debt collector.

Does this ring true surely thats having your cake and eat it and why on earth go for possession if u arent going to enforce it. Has anyone ever known this and what exactly will happen to my home etc?

Any advice would be really appreciated in court on weds.

THanks

[labman]

Re: Repossesion Court Hearing

Hi, I think you will find this link very useful:

http://england.shelter.org.uk/get_ad...n/court_orders

[ajg36]

Re: Repossesion Court Hearing

Hi

Thankyou for that information I am being advised by Shelter currently who also cannot understand what the intention is of the 2nd charge.

I have also had Legal advice and my solicitor has never heard of it before just really curious as to what is going to happen at my next hearing.

Ombudsman has the case at the moment maybe that will influence the decision.

THanks again

Hi, I think you will find this link very useful:

http://england.shelter.org.uk/get_ad...n/court_orders