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    Hopelessly insolvent and looking for advice on two choices to consider

    Very simple the bank don't care they only want there money back, If you would only go live in a bush to help pay back your debts they would be happier still. But you have to look after your family first. So at the moment you can live there rent free mortgage free until they take action. I...
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    Hopelessly insolvent and looking for advice on two choices to consider

    Why are you paying an unsustainable mortgage to the determent of your household bills. You are going to lose your house one way or the other. Its different if you are borderline you should then scrimp and save to keep making the payments so eventually you own your beloved home. But you dont...
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    Massive neg equity, have to move, what to do?

    Agree with moving in to the house that suits your needs. And stop all payments. You are mad to keep paying for something you are going to lose one way or the other. It would be different if you both had great jobs. But by the sounds of it you are struggling. And it would be different if the...
  4. L

    Massive neg equity, have to move, what to do?

    The more people who cop on and realise how big a hole they are in and do what is best for themselves the sooner we hit the bottom and then our country will experience growth. Also the banks will start to actually do deals with some people if enough go to uk. Some people will never be able to...
  5. L

    Massive neg equity, have to move, what to do?

    It makes my strategy the only sensible one to follow. It does not matter if it can't be sold. It will not be your problem it will be your banks problem. If you keep going you will have a asset, sorry liability for the rest of your days. Because A:it is a crap house in a crap location so it...
  6. L

    Massive neg equity, have to move, what to do?

    I think you know you are up the creek without a paddle in the short, medium and long term. You need for your families sake sort out your mess now so you will have a future. You have a property that is unsuitable for your needs and a mortgage you are not able to service and you are moving into a...
  7. L

    Key Post ACC wants me to sell my home. What Happens Next?

    Agree the banks seem to want to 'cut off their nose despite their face'. Wishes has had offers for the sale of his house and they have turned them down. I am sure that they will now get less of their money back with this forced sale. But yet they don't seem to care. MAD
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    No record of my mortgage on ICB report

    Irish loan from a uk owned bank that left the irish market. Sorry should of been clearer. And its got nothing to do with change of address or anything else, the irish banks just didn't bother and some of these loans are in serious arrears. The ICB report is only as good as the info it gets from...
  9. L

    No record of my mortgage on ICB report

    common enough. The bank just didn't bother to put it on ICB. We have mortgage and c. cards and business loans and none were on ICB but a tiny loan from a uk bank was on the file.
  10. L

    Nationwide Solicitors willing to fight banks

    Having read some of the postings in the mortgage arrears area. Shold we have a list of solicitors/barristers who are willing to take on banks on a point of law. Most seem to agree we have a case but are not keen to take it on due to it affecting their normal business with the institution
  11. L

    Effect on me and my business. Husband going bankrupt

    I didn't really want to get in to this side of things as it probably is off topic and a bit personally identifiable. But yes if you talk to any of the professional negotiators instead of the spoofers. They will tell you that very few of the banks are yet at a point where they are doing real...
  12. L

    Effect on me and my business. Husband going bankrupt

    because they taught they were going to get access to more assets that would be valued more than the loan. They knew the assets were there they taught he was getting them. And as a carrot they said they would drop the interest rate on the interest only loan to make it more affordable. The stick...
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    Using the Data Protection Act to get disclosure from a Financial Institution.

    This is all you need to do forget about ringing you have to write and do it yourself Address it to your local manager that you would of orginal branch you dealt with. example Dear sir/madam I request you furnish me with all data the (bank of whatever) hold in relation to me. I enclose...
  14. L

    Secured Loan rate v. Standard Loan rate

    Can anyone explain why anyone would borrow from the credit union using their secured rate. As far as i can see it only applies where you borrow less than your savings. Why would you bother to do that. You give them 10,000 to look after for you and you then borrow 5,000 of your own money and pay...
  15. L

    Husband was asked to participate in a central bank survey about mortages

    You got a pen and nice paper ! ! ! We got nothing. but you were right the questions were very intrusive. And some could of had more choice in answers as we didn't fit some of the answers
  16. L

    The new Personal Insolvency Act is headed for failure

    Those who have sold most of their assets or all of their assets are being asked to pay as much as they can afford for the next 15 years and the bank will warehouse the rest of their debt that you cannot afford to repay at the moment. The idea being in the meantime you keep your remaining assets...
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    The new Personal Insolvency Act is headed for failure

    Capitalism didn't fail its just we as a government didn't let failed businesses fail. Instead we done what a communist dictatorship would of done. If we had of let it fail like iceland we would be closer to recovery
  18. L

    Husband was asked to participate in a central bank survey about mortages

    The person works for one of the big survey companies and showed ID but we actually knew the person anyway. Could of been spoofing but any of the information she had seemed to be very basic stuff. Remembering back the survey was of mortgage holders so that was how she knew he had a mortgage and i...
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    Using the Data Protection Act to get disclosure from a Financial Institution.

    The file I saw had a few F###s etc put in for the real words quite colorful language in it. The guy I know who was put off from getting his information has since requested it again. Haven't heard was there anything juicy in it or not. The fact they tried to stop him getting it would suggest to...
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