My partner recently had his house reposessed due to financial difficulty and the property has been remarketed but at a figure way over the price he owes to the mortgage company. Is he entitled to any money made from the sale once they have taken what is owed to them?
Once the outstanding debt plus any fees/charges due on the property have been settled, and any other secured debts have been settled, the remainder of the money is owed to him. If you have any concerns you should consult a local solicitor for advice. Most decent solicitors will give the first half hour of their time for free.
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