Does a creditor (bank) have the power to pursue you through the courts or whatever means for a judgment mortgage (debt shortfall)at any stage within the 12 years timeline of a judgment to the extent that they can put a judgement on a house you build in the future on your parents site? Could they force a sale on such a self build if it is in positive equity? We would be leaving ownership of site in parents name until the judgment expires over time if this helped?? This self build would be principal private residence to raise family.
note: The judgement mortgage relates to an old investment property
note: The judgement mortgage relates to an old investment property
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