Hiya, not sure if this is the right subject to post under.
Has anyone had their house repossessed and could explain the process to me please?
I’ve got a complicated situation, split with my partner back in September and I’ve stayed in the house while he’s been paying the mortgage. He’s decided to stop paying the mortgage and is refusing to let me put the house up for sale. Estate agents came round in January and took the pics, wrote the details etc but ex is refusing to sign so we can’t get it on the market.
I’m not paying the mortgage, 1. I can’t afford it and 2. I would have had it up for sale 7 months ago if I could.
As it feels like we are never going to agree on selling the house, letting it be repossessed seems like the best option at the moment!
We’ve currently missed 2 mortgage payments now. Do you get the equity back once a house has been repossessed? We only have a very small mortgage, about 15% of the value, so have a big chunk of equity in the house.
many advice would be much appreciated!