Usually the discharge would be on the basis of an offer from the lener to voluntarly sell or surrender the property or offer the bank an alternative repayment source!
Don't understand this!! It does'nt make any sense. No loans are transferred to the Central Bank!!The loan, and other loans were transferred by the bank to the Central bank.
There may also be a problem with the mortgage documentation wich the Receivers solicitors have now spotted, which may prevent the Receiver from being able to be appointed, carry out certain basic duties etc.
Don't understand this!! It does'nt make any sense. No loans are transferred to the Central Bank!!
What problem with the mortgage documentation? The borrower doesn't think there is a problem.
... What problem with the mortgage documentation? ....
Don't understand this!! It does'nt make any sense. No loans are transferred to the Central Bank!!
the CB has taken the mortgage books as security.
But this does not compromise the rights of the banks to take action on those mortgages.
Nothing really!! .
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