I own a property which I used to live in but it's now rented out. I'm living at home with parents and my son with very little hope of being able to afford to rent. What is the best approach to getting rid of the property so that I can qualify for social housing?
Yes. However, A Personal Insolvency Practitioner may be able to get the bank to write off the shortfall (neg. equity) in exchange for selling the house on behalf of the bank, thus saving you the stress and the implications of bankruptcy.
Thank you for that...so your advice would be to contact a PIP directly myself and cut out the New Beginnings type people who are looking for €4000 up front to start any proceedings?!
They quoted €4000 for the entire process, start to finish including pip, court costs, etc! They wouldn't even accept splitting the payment as I couldn't come up with €4000! I'm no longer dealing with them, they charged a €100 initial consultation fee also...