Jim Stafford
Registered User
- Messages
- 631
You should submit a written proposal to the bank's solicitors, and request a meeting with the bank.
Is it possible that a bank would agree to let me a 69 year old buy myself out of the mortgage
so that the 39 year old could apply to extend the mortgage, and possible also get a PIA
sellornot
Is it possible that a bank would agree to let me a 69 year old buy myself out of the mortgage
so that the 39 year old could apply to extend the mortgage, and possible also get a PIA
sellornot
would imagine that Bank of Ireland might let you off the loan, if you cleared the negative equity i.e. paid €100k off the loan.
You should submit a realistic proposal to the bank's solicitors. (Normally the banks suggest a solution, but you appear to have gone beyond that point.)
Make sure to tell all of this to the court.
Make sure to blame everything on the original borrower.
Question for others - if the bank gets a judgement against SellorNot what is the likelihood of another court enforcing it?
Make sure to tell all of this to the court.
Make sure to blame everything on the original borrower.
Question for others - if the bank gets a judgement against SellorNot what is the likelihood of another court enforcing it?
The first step will take about two years if the borrowers do nothing and the bank works very efficiently.
Sell the property
sellornot is willing to sell his home to sort this out ounce and for allIt's unlikely that BoI would seek the sale of sellornot's home, but they could.
The other joint holder is living in the property and paying something and could pay more if the mortgage was restructured
no I am not ok with this, It is I who got her to this point, paying anything and its my intention tobut you seem to be ok with this.
I thought sell or not was just a guarantor?What do you mean original borrower? There were 2 borrowers and sellornot is one of them.
I thought sell or not was just a guarantor?
Question for others - if the bank gets a judgement against SellorNot what is the likelihood of another court enforcing it?
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