Welcome to the DAD.Info forum: We are not open to new posts at this time
Our forum aims to provide support and guidance where it can, however we may not always have the answer. The forum is not moderated 24 hours a day, so If you – or someone you know – are being harmed or in immediate danger of being harmed, call the police on 999.
Alternatively, if you are in crisis, please call Samaritans on 116 123.
If you are worried about you or someone you know is at risk of harm, please click here: How we can help
Can the CSA make you sell an overseas property (in this case in Turkey) or even seize it
I was paying £5 a week from benefits
But at the moment my payments have stopped
I am not able to work through illness but my mother would be willing to continue with the £5 payments
The property was bought 5 yrs ago and is in negative equity
If the property is in negative equity (i.e. it's worth less than the outstanding amount on the loan secured against it) there's no point in the court forcing it's sale as all the proceeds would go to paying off the outstanding loan.
The property has been paid for in full but is worth a lot less than the initial sum paid
The complex it is built on still has 20% unsold properties since completion
And the only ones Ive heard of selling have gone for a lot less than they were bought for
Ah okay, not negative equity then, it's just not currently worth as much as you paid for it. It sounds picky, but you have to get terms right when dealing with things like this.
Not sure re foreign held assets. I would imagine that the CSA would regard all assets as just that, irrespective of location though.
This part of the CSA guide says that foreign income is considered but then goes on to say
The Registrar may consider the parent’s property and assets, as well as any income
and
The Registrar need only consider the parent’s financial resources as a whole, including any capacity to borrow against the assets
which to me would suggest that they'll go after everything and anything you have.
To complicate things more
I have got into financial difficulty and a friend has agreed to pay a large sum of money back for me if I agreed to sign
over the property to them
It was that or I would have lost the place
And I would rather they had it as they have helped me money wise for many years
So I want to sign the deeds over to my friend anyway
To be honest buying the place has been one big headache and I will be glad to get rid of it
As far as I am aware, the CSA consider any assets over 60,000, but excluding the house you live in, when they are calculating income.
Thank you for your reply
I have been advised that the properties on the site have been selling for about £44,000
Thats if thety sell at all
There are properrties that have stood empty for 5 yrs without selling
- Samaritans – call 116 123
- Shout – text the word ‘Shout’ to 85258
