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Ellie Carver
Guest
Bit of a long story, but I would really appreciate any advice anyone can offer.
My dad died three years ago leaving my mother with a mortgage of around 20k on their house. They had no insurance and my mother had never worked as his income was always sufficient for them both. I have just found out about this and she is serioulsy in arrears with this mortgage, eighteen thousand outstanding with seven thousand of that being arrears. She got a small job after my dad died, but it wasnt enough to cover her bills. Now we are in dire straights, she is presenly upstairs crying her eyes out.
She has consulted MABS several times and they have suggested selling the house each time , but she won't hear of this as my dad practically built it himself (hobby house over two hundred years old).
So now the mortgage company are talking repossession, I have talked with them and they say that they gave her every chance to repay, and she needs to pay the arrears immediatley.
Will they really sell her house for 18K? I have recently bought my own house and can't afford repayments on another loan myself. Her credit history is now shot.
On a side note, as the house is really old, it was about 100 years back split into two houses, my parents literally bought the two halfs at different times and remade it into one house - as far as I can see from the land registery there is no loans outstanding on either folio number. My mother has also said that this mortgage was only based on one side of the house. But basically if the bank did forclose, and as its now no longer possible to split the house, where do they stand then.
Also this mortage was obviously based on my dads income, (although it is in joint names), does my mother have no comeback?
My heart is broken, my mother is a broken woman, she has already lost her husband, will they take her house.
I am sorry for such a long thread, but I really need advice. This is such a small amount, but I just can't raise it without putting myself in difficulty. I need help.
Thanks in advance.
My dad died three years ago leaving my mother with a mortgage of around 20k on their house. They had no insurance and my mother had never worked as his income was always sufficient for them both. I have just found out about this and she is serioulsy in arrears with this mortgage, eighteen thousand outstanding with seven thousand of that being arrears. She got a small job after my dad died, but it wasnt enough to cover her bills. Now we are in dire straights, she is presenly upstairs crying her eyes out.
She has consulted MABS several times and they have suggested selling the house each time , but she won't hear of this as my dad practically built it himself (hobby house over two hundred years old).
So now the mortgage company are talking repossession, I have talked with them and they say that they gave her every chance to repay, and she needs to pay the arrears immediatley.
Will they really sell her house for 18K? I have recently bought my own house and can't afford repayments on another loan myself. Her credit history is now shot.
On a side note, as the house is really old, it was about 100 years back split into two houses, my parents literally bought the two halfs at different times and remade it into one house - as far as I can see from the land registery there is no loans outstanding on either folio number. My mother has also said that this mortgage was only based on one side of the house. But basically if the bank did forclose, and as its now no longer possible to split the house, where do they stand then.
Also this mortage was obviously based on my dads income, (although it is in joint names), does my mother have no comeback?
My heart is broken, my mother is a broken woman, she has already lost her husband, will they take her house.
I am sorry for such a long thread, but I really need advice. This is such a small amount, but I just can't raise it without putting myself in difficulty. I need help.
Thanks in advance.