It was in her best interests to insure the property was not maintained . However the lenders know this is their last chance to get a decent price for itOooooo.....
An expert who examined the deeds to the 19-bedroom Sussex mega house told us: 'Her finances are as much of a mess as her house itself - she has negligible equity at best and may even still owe money on the house even after selling it. It's a real disaster.'
Land Registry records seen by Mailonline confirm the cash-strapped glamour model turned TV celebrity and author apparently has little or no equity in her run-down country home in West Sussex.
Price, 46, has two outstanding mortgages on the 19-room property, meaning that any proceeds from a sale must go to pay her lenders first.
Paperwork also suggests that the size of the two outstanding loans might not even cover the current value of her three-storey house which she bought for £1.35m in October 2014.
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Reason why bankrupt Katie Price can't sell £1.6M mansion to pay debts
Katie Price could be left virtually penniless as well as homeless if she is forced out to move out of her so-called Mucky Mansion because of the sheer scale of her financial problems.www.dailymail.co.uk
...and presumably this is why she thought it was safe and couldn't be taken away from her. I wonder who the 'official' is...?
The official dealing with Price's first bankruptcy, in 2019 over trading debts of £3.2 millions, filed a 'disclaimer' to the Land Registry in January 2021 saying her home would not be seized to distribute to her creditors.
A property lawyer told MailOnline: 'This is a very unusual situation, and I have never seen it before in relation to a freehold property.
'I can only assume that the Trustee in her Bankruptcy believed at the time that she did not have any realisable assets in the property which were worth pursuing.
'As she has just been made bankrupt again, I can't imagine that the situation has changed to any great extent'.