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Subject: Property Portfolio Repossessions and Debts

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Johnny Debt
Posts:322

16-12-2008 1:46 PM	Alert
Property Portfolio Repossessions and Debts. We are now starting to see a number of clients who have property portfolios that are being repossessed. If you are in this situation give me a call and we can have a chat about it. We have a number of options that might help you. We can help you to look after the good properties, help you to deal with the creditors, and show you how to trade through this current crisis. Give me a call or Teresa 0871 9769852

Johnny Debt 07957 13 13 13 JohnnyDebt.co.uk Follow on Twitter

potters
Posts:3

19-05-2009 11:18 AM	Alert
Hi Johnny, I just spoke to Teresa and many thanks to you and your team. I have a portfolio of 48 properties and like some, I re-mortgaged and dropped equity out a few years ago to purchase further properties. Some of the properties now are in negative equity and the mortgages still on fixed rates which is crippling me financially. The suggestions that have been offered to me have been of great assistance and I know where my priorities are now. The good thing is I am keeping the positive cash flow income coming in and still trading! Many many thanks.

scubamom
Posts:1

05-07-2009 3:07 PM	Alert
can you help? i have amortgage on a 7 bed hmo that needs touching up to bring it to hmo standard, i owe 165,000 poundson it and want to sell for 125,000 , will the bank reduce the debt to that amount if i can find a buyer, will i need it in writing if they agree? thanks, chris

Johnny Debt
Posts:322

06-07-2009 4:56 PM	Alert
I would suggest that you contact JD LAW (click on link)

Johnny Debt 07957 13 13 13 JohnnyDebt.co.uk Follow on Twitter

JD LAW
Posts:30

07-07-2009 7:18 AM	Alert
Yes it is possible to negotiate with the lender to sell the property even if it is in negative equity. It really all boils down to who the lender is. Some will not deal under any circumstance, others will look to getting a sale regardless, some will negotiate and revert the shortfall into an unsecured debt.

JD LAW.CO.UK 0844 8248913

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