Hi
So I owe 71k to BOI after a house I purchased jointly in 2008 with my ex was sold at a loss
I need help on choosing the road to go down, me and my ex don’t speak and I’d like to know what to do and get advice.
So as I said above the debt is split my share would be 36k I don’t have the cash to pay it off and I’ve just had a son so money isn’t exactly flush but I’d like to put this behind me, if I was to speak to a pip practitioner what would my options be? Can you do a short pip and maybe pay a lump sum? Get it over and finalised with? Would Mabs be an option for me?
If I was to offer a lump some what is the likely amount I’d have to offer for the bank to close it? seen as money is tight what would I be asked to pay should I go into a long term pip?
What help is Available?
Info: gross 2450 pm
Loan : 400 pm
Childcare 900 pm
Rent 650pm
Bills 200 pm
I know a guesstimate is what ye would be offering but a rough idea would be great
Sorry about all the questions
Thanks Advance
So I owe 71k to BOI after a house I purchased jointly in 2008 with my ex was sold at a loss
I need help on choosing the road to go down, me and my ex don’t speak and I’d like to know what to do and get advice.
So as I said above the debt is split my share would be 36k I don’t have the cash to pay it off and I’ve just had a son so money isn’t exactly flush but I’d like to put this behind me, if I was to speak to a pip practitioner what would my options be? Can you do a short pip and maybe pay a lump sum? Get it over and finalised with? Would Mabs be an option for me?
If I was to offer a lump some what is the likely amount I’d have to offer for the bank to close it? seen as money is tight what would I be asked to pay should I go into a long term pip?
What help is Available?
Info: gross 2450 pm
Loan : 400 pm
Childcare 900 pm
Rent 650pm
Bills 200 pm
I know a guesstimate is what ye would be offering but a rough idea would be great
Sorry about all the questions
Thanks Advance