Mortgagors and negative equity: application of the Palk doctrine
Davies, A.
Mortgagors and negative equity: application of the Palk doctrine - 1997 - Solicitors` Journal 141(25) 27 June 1997, 618-619(2) .
Examines how two recent cases have clarified the law relating to the court`s powers to make an order for the sale of mortgaged property on such terms as it sees fit, when the borrowers have been caught in the `negative equity trap`.
BARRETT V HALIFAX BUILDING SOCIETY
CHELTENHAM AND GLOUCESTER PLC V KRAUS
LAW OF PROPERTY ACT 1925 S91(2)
MORTGAGES
NEGATIVE EQUITY
PALK V MORTGAGE SERVICES FUNDING PLC
POLONSKI V LLOYD`S BANK MORTGAGES LTD
REPOSSESSION
Mortgagors and negative equity: application of the Palk doctrine - 1997 - Solicitors` Journal 141(25) 27 June 1997, 618-619(2) .
Examines how two recent cases have clarified the law relating to the court`s powers to make an order for the sale of mortgaged property on such terms as it sees fit, when the borrowers have been caught in the `negative equity trap`.
BARRETT V HALIFAX BUILDING SOCIETY
CHELTENHAM AND GLOUCESTER PLC V KRAUS
LAW OF PROPERTY ACT 1925 S91(2)
MORTGAGES
NEGATIVE EQUITY
PALK V MORTGAGE SERVICES FUNDING PLC
POLONSKI V LLOYD`S BANK MORTGAGES LTD
REPOSSESSION