Negatequity
Registered User
- Messages
- 7
Just to be a pedantic Pat, this isn't correct. The OP has already stated that the bank to which he has the mortgage is foreign owned.If they do otherwise then the irish taxpayer will end up paying, and he can't afford it.
If you cannot pay, and don't want mountains of debt hanging around forever then yes, you can change your name, attempt to get documentation etc in the new name, and off you go..
OP is not seeking advice as to how to handle the debt.
OP is asking readers of this site,most struggling to pay loans and many in negative equity, how to not do what they are doing- and how to get clean away with it.
Does anyone know what are banks doing with other non-resident defaulters? I ve seen posts re the UK but tracking defaulters in continental europe is a little more messy for the banks I guess. Chasing them to ends of earth or just writing it off?
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