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Response to Halifax Further Advance
from Too scared to say (iwasduped@yahoo.com)
This will depend on whether the Further Advance amount was added by
way of codicil to the original mortgage advance documents - the loan
has to show that it's security is the property itself, not the equity
therein where added at a later date. I bet they didn't do it properly,
in 1989 they were too much in a rush to dot the i's and cross the t's.
My guess is that it's a six year debt simple. This is a technically
precarious area and you should get a qualified legal opinion. I am
*not* a lawyer.
(posted 8659 days ago)
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