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Thanks TLO. The unsecured debt was sold on again recently and the new loan owner called me today. Caller insisted there is a 12 year statute of limitations, but it seems likely now we won't make it to September 2019 re 6 year possible limit. We have been careful not to acknowledge the loan.

No, in fairness to Tanager I don't see they did anything wrong, but I would have expected them to throw the loan back to BOS and get their purchase price back, when they realised there was no security. Instead they probably negotiated an even bigger discount on the price for this unsecured loan...

Brendan, thank you for your quick response. I fully accept your first 2 points, although with a portfolio at 70% LTV before the Crash it didn't seem so risky back then. My main question is the legality of selling a mortgage (re terms & conditions) that wasn't really a mortgage, since there was...

Negative equity residential investment property in arrears had receiver appointed by BOS in 2012. Apparently sold at Allsops December 2012 auction but that sale may have fallen through. Property Price Register records sale closed in September 2013. BOS stated they had agreed terms of the...