Hi Clara

Did they advise that they wanted you out of the house? Logic would say that it is would be easier with you in it.

If you have had it on the Market, you are probably resigned to moving. My advice would be to look for a nice rented place, move your stuff in your own time and hand the keys to the Trustee. They cannot pursue you for any shortfall.

Mark

hi Mark

I have already moved out and staying with my partner now, I have a friend staying in the property at the moment, though that is only temp to do the veiwings and also to make sure the property was not empty - but if you advise the best thing to do is too move all stuff out and pass keys over the so be it - i was not worried about having to move out - i have been more worried that any short fall off money owned that the trustee would presue me in other ways for - of which i could not afford - i take it then i will need to contact the estate agent that the house is on the market with and advise them ?

Hello Clara,

I'm sure your trust deed company will liase with your estate agent on this if they're going to take over the process.

Do they have the details already?

hi

NO they do not have the details as yet, as waiting on the trustee calling me back as the person dealing with my account has been off, though not had a call back as yet

hi just another quick question - do i need to continue paying my morgaged even once the trustee has taken over the sale ?

i am being advise not too pay however a little worried about this part of it ?

Is it your Trustee that has suggested non-payment Clara?

I think this advice is pretty common.

well yeah kinda of - sorry for being a little vague there it was them that said it but then kind of back tracked a little saying i never told you that though, which is why i was a little worried to do it - though it would be benifical for me not too so i had a bit more money for new property

Hi smithc76

There's no need to pay the mortgage if you are not there.

If your Trustee wishes to take control of the sale then the whole thing is his/her responsibility.

Mark

HI Guys

thank you so much for your help and advise you certainly have put my mind at rest 100% - and now am happy for them to take over the sale of the house - not that i had much choice ,

but honestly thank you so so so much

Clara

hi guys

me again - its been a few months since i have handed the keys over for my house and stopped paying the mortage, I am a little worried again though as i9t does not seem my trustee has been in contact with the mortagae company to advise they have taken over the sale of the house and now my mortage company are chasing my for missed payments - I have been incontact with them over the phone and writing and all they advise is until they have heard from the trustee as far as they are concerned i am still liable to pay for my mortage - most off my money is taken up now in a new rented accomodation so I am not 100% sure what to do now

i am also still getting letters from my trustee asking for my finacial situation - expentures etc is this normal until the house is finally sold whenever that maybe

Hi smithc76

I would refer all matters to your Trustee and certainly not make payment of the mortgage. If the mortgage holder pursue, they will have to repossess the property and any shortfall ( including current payments) will be a claim in the Trust Deed.

Mark