Only charge in the property is the mortgage(s) and the property isn’t held in trust.It does look tidier! Why would that barrier be up too, it was never covered before.
She was still paying the mortgage though, so not sure this would even be possible on a house she doesn't really own? Then Pete has a charge on it to for his legal fees if it's sold?
But they for sure can touch the contentsBut Skanky keeps saying her house is safe and no one can touch it. I've no idea how she's convinced herself of that or how she plans to work it.
15th December he's saying they're opening offices in IOW in the new year.Thank you DC. Be great if I can forward picture on.
This has all been explained before though. She owes the mortgage company so that agreement is with them and nothing to do with creditors. The mortgage company are not going to repossess the house until she doesn't pay THEM. There doesn't need to be any kind of trust.Saw this in the DM comments:
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I don’t think you can do that til it paid off and you have the deedsSomeone on the DM comments saying her house is in a trust and can’t be sold for bankruptcy? Is this why she’s so cocky in saying her house is safe?
But then she also keeps saying on her lives that it’s just far too big for her. Also do you remember her saying a few years ago how she could never live there ever again because of all the trauma she had suffered obviously the worst trauma ever in the whole world and she couldn’t ever live in the house again because she had been told by the priory it was a massive trigger for her mental health.But Skanky keeps saying her house is safe and no one can touch it. I've no idea how she's convinced herself of that or how she plans to work it.
If there is a substantial amount of equity, then I imagine that the trustee would have forced a sale already.Thanks @HistrionicSites So what does that actually mean in practice? Can a sale be forced in order that she can (hahaha) settle her debts?
Will 2 mill be for a house that size, in good condition though? The place is a dumpIf there is a substantial amount of equity, then I imagine that the trustee would have forced a sale already.
The only other way is if the mortgage company repossess or demands payment of the outstanding mortgage. I think that the trustee would need to consent to this though @Schmooze would know more.
In the event that the house is sold, then the mortgage is paid off first and if there is any money left, the charges are paid next. If there is still money left after the mortgage and other charges are satisfied, then that money will go to the trustee in bankruptcy to distribute to creditors.
As it stands, KP owes way more than the house is worth in the open market. Latest estimates online are just under £2million and she owes 3.2 million.
I don’t know. It says on the estimate I looked at, if the property has not been refurbished. I know some posters here think she would get more if sold to a developer, but essentially, it is only worth what someone is willing to pay for it.Will 2 mill be for a house that size, in good condition though? The place is a dump
I did notice one silly bint replying to comments sticking up for KP. She was soon put right!500 comments on the fail article and not one of them positive!
Thank you so much DC. I've forwarded it on.
I went to this panto on Sunday night...she was absolutely off her titsSorry Smillie.... had to be done. I wonder if Kylie could sue for defamation of voice...?!!
Katie Price sings in panto as vocals 'surprise' North Shields crowds
Katie Price was in the cast of adult pantomime Big Dick Whittington and HIs Pussy in North Shields and sang three songswww.chroniclelive.co.uk
I also suspect at this point she’s just paying an interest only mortgage. Can you imagine how much the payments will have went up if she was paying the capital off as wellIf there is a substantial amount of equity, then I imagine that the trustee would have forced a sale already.
The only other way is if the mortgage company repossess or demands payment of the outstanding mortgage. I think that the trustee would need to consent to this though @Schmooze would know more.
In the event that the house is sold, then the mortgage is paid off first and if there is any money left, the charges are paid next. If there is still money left after the mortgage and other charges are satisfied, then that money will go to the trustee in bankruptcy to distribute to creditors.
As it stands, KP owes way more than the house is worth in the open market. Latest estimates online are just under £2million and she owes 3.2 million.
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