4. Selling the property as a distressed asset. If you have already run through the numbers and you are convinced that you will no longer be able to service your mortgage, rather than defaulting and...
Type: Posts; User: Sue
4. Selling the property as a distressed asset. If you have already run through the numbers and you are convinced that you will no longer be able to service your mortgage, rather than defaulting and...
The bank has given us a period of interest only and we are trying to sell before the mortgage reverts back to a higher amount.
We have someone who is showing an interest in the property but we...
You can't just hand the keys back unless the bank agree to it. As far as I'm aware they will only do that if you have equity in the property and if you are not already in arrears. It is called Dacion...
Back in November we asked our bank to give us a period of interest only as we were seriously struggling to pay the mortgage. Had they turned us down at that point we would have asked for a Dacion en...
From first contact at the bank, how long would I expect a Dacion en Pago to take?
What happens if I go into arrears during the process? Will it be stopped?
When I first contact the bank,...