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In the currant property climate, I would suggest it is worth approx. £155000. The property is up for sale at slightly less than that with an agent. There is £28000 on an endowment mortgage with a building society that was jointly signed in 1998. I left on 28-08-2003 (legally provable). There is a loan signed by my ex wife(not by me though) and granted on 25-8-2006 for a total (all parts of loan, fees Etc.) £33550.53 with Swift advances of Essex - These loan sharks from what I have gleaned via web forums are probably the worst to deal with, using bulling tactics and the like.
I do not wish the property repossessed as it is up for sale, in due course it would sell and the ex wife has agreed to pay off her debt!
I do not know exactly - it's not my loan but I do know there has been a consistent stream of letters I have copied that signifies it has always been in debt. - the actual advance letters states ' £33550.53 to be paid over 240 months' at £367.01 for the first and subsequent payments! - looking at the breakdown of payments by the end of the first year the payments had increased to £401.88 with no reason or explanation why? At one point in the payment history the arrears had gone up to £2,763.19 but with increased monthly payments it appears to have been reduced to a level that would be 'on-track'. The arrears began to rise again and as of 25-12-2012 was £5,710.10 due to a lack of payments being made. there has been a constant stream of charges of £64.00 being added to the account along with other charges at times. I have been told that the ex wife has made a considerable amount of offers to Swift to try and come to payment plans but they are un-yielding and will only accept 'FULL PAYMENT' on each occasion she has tried to manage the account. Apart from obviously failing to make thorough checks before allowing the loan, they have consistently allowed the loan to be it arrears and adding to that by the excessive charges attached during the term.
How do I stand as 50% owner of this ????
Can I counter sue them for allowing a fraudulent loan to be taken out on my property - I do not have enough ready cash to pay off her debts. What ways can I stall this action, I know the property will eventually be sold but given some interim time, hopefully the property will sell and all debts will be settled - please furnish me with the options that I could use to get some breathing space
I have found out today that court proceedings are on 13-06-2013 for repossession. The letter that was given to me yesterday eve states a court case is for 13-06-2013, but I was phoned by my ex wife a few mins ago saying she received a letter today stating she has to be out by that date as set by the court ?
I am really spitting feathers now - what can I do ?????
Further to our previous correspondence regarding the above property, we now write to advise you that a warrant has been issued to enforce the order of possession that our client holds.This will be executed by the court on the 13-06-2013.
I have reported this to Police but they will not act on things except for noting it all and supplying a CRN.
They say that as I have notified the loan company and their solicitors it is down to them to investigate and act on.
Still no further forward in stalling the repossession!!!!
As I said earlier, I only became aware of the situation recently, around the 27-04-2013 when my son gave me a letter delivered to the bungalow with my name on it after a visit to his mother. That is what started the ball rolling - anything prior to that I was totally un aware of, although in 2009 there is paperwork to suggest Swift were following a similar path ?
I need a way of legally getting them to back off so as to allow me time to sell the property in the normal manner to give me the opportunity to get what I consider is a reasonable price for my property !