Hi,
Im giving serious consideration to defaulting on a property i own in Dublin.
What are my options and how should i go about it with the banks ?
Im defaulting as i reckon the place is maybe worth half of what i paid for it.
I understand others who might say well you signed up to it etc etc however this is not a consideration as they valued it and it was valued incorrectly. Im 29 years of age and dont want to be holding negative equity so i may aswell look at the default option. My emotions are not a consideration my financial well being longterm is.
Im giving serious consideration to defaulting on a property i own in Dublin.
What are my options and how should i go about it with the banks ?
Im defaulting as i reckon the place is maybe worth half of what i paid for it.
I understand others who might say well you signed up to it etc etc however this is not a consideration as they valued it and it was valued incorrectly. Im 29 years of age and dont want to be holding negative equity so i may aswell look at the default option. My emotions are not a consideration my financial well being longterm is.