From: NC 
Newsgroups: uk.finance
Subject: Re: Question :- Inland revenue/taxman  forcing house sale ?
Date: Tue, 12 Apr 2005 07:41:44 +0000 (UTC)

Hmmmmm wrote:
> If a person owed the inland revenune back taxes , fine etc and the persons 
> only asset is there house , but the house is mortgaged can the person be 
> forced to sell the house , or would it simply be a case that the house is 
> not his to sell due to it belonging partly to thereself and the bank? 
> 
> 

I am no expert, but the bank dont own the house - you do. You haven't 
bought it on HP...!
You own the house but owe the mortgage to the bank. If you default on 
the loan they can force the sale/return of the house to recoup the loan. 
Thats very different from them owning a share in the house.
Therefore, IR sees the house as your asset, and can therefore force you 
into selling it to pay them. However, payments to the bank for the 
remainder of the mortgage would take priority out of the sale monies (I 
assume..??)