T
thebigyin
Guest
My home is not in negative equity (mortgage owed is 120,000 euros) value of the property some 5 years ago was 360,000 euros.
I now have a situation where I am paying interest only, and I don't see any hope of my finances improving whereby I can resume paying the full mortgage.
In this type of situation is there any possibility of the bank agreeing to do a deal and purchasing the property, admittedly at a reduced valuation but more than the mortgage amount still owed.
I now have a situation where I am paying interest only, and I don't see any hope of my finances improving whereby I can resume paying the full mortgage.
In this type of situation is there any possibility of the bank agreeing to do a deal and purchasing the property, admittedly at a reduced valuation but more than the mortgage amount still owed.