I have received 50k , and write off of Balance due of close to 300k
This deal was not asked by My legal team , Ptsb just added the write off .. Legal team advised wow .. There is nothing else more that can be Done?Harry, did they restore your credit rating & arrange for an alternative mortgage ?
Although €50k and the balance write off are great, it still results in you being X number of years older & now no home that you own (this may be your preference), to me, that's unsatisfactory. A better solution for me would be the €50k compensation, write off of arrears, restoration of situation (cleaning your credit rating & restoring the mortgage back to the tracker rate & payments it should have been on).
Your legal team were right - it's a stunning deal.
€300k debt write-off PLUS €50k into your hand. Wow!
You are a lucky man.
But why be so generous now?
There is nothing else more that can be Done?
write off of Balance due of close to 300k..
Mortgage close to 400k
House worth maybe 250k house Price crash .