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You have that debt over you for the rest of your life and will go to jail for non payment. You will be forced to emigrate to some far away place and never to return. Serious consequences, we're not just talking about your name in the Stubbs Gazette here.What is the consequences of defaulting on your mortgage.
You get a bad credit rating but really that won't matter and can not borrow for the rest of life.
What is the consequences of defaulting on your mortgage.
You get a bad credit rating but really that won't matter and can not borrow for the rest of life.
People say the rest of us have to pick up the tab..but we will for the rest of lives be picking up the tab of the current bad bank debts ... then our children will be still serving those debts.
Is it time that we just said the country is bankrupt.. and start over again.
You have that debt over you for the rest of your life and will go to jail for non payment. You will be forced to emigrate to some far away place and never to return. Serious consequences, we're not just talking about your name in the Stubbs Gazette here.
From it's yourmoney.ie
http://www.itsyourmoney.ie/index.jsp?pID=665&nID=773
Handing back the keys does not mean that you can walk away from the debt. If the house is sold for less than you owe the lender, the lender can ask you to pay the difference and your credit rating will be damaged.
The only different is that he would have been paying more because of the higher interest rates.
Are you for real?First I can afford to pay this mortgage at the moment.
My problem with my mortgage is that I believe I was the victim of a fraud, and as far as I'm concerned all bets are off.
you are wrong.
The problem is you didn't bother doing any research before you bought. A blind man could see we were in a property bubble.
Blaming others for your own mistakes is a terrible trait. You are in your 50s - you should know this by now.
Politicians, friends, the million or so other forums on the web."Were you shouting about mortgage lending practices years back like I was? When banks were giving people 9-10 times their icome, driving prices up and everybody was complicit in it. "
Where exactly were you shouting about it BuddyG? Cos with 17 posts it certainly wasn't around here!
"Were you shouting about mortgage lending practices years back like I was? When banks were giving people 9-10 times their icome, driving prices up and everybody was complicit in it. "
Where exactly were you shouting about it BuddyG? Cos with 17 posts it certainly wasn't around here!
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