We have decided to sell our house. Auctioneers value the house at €290K. amount owed on mortgage €250K including arrears of €85K There will be auctioneers & solicitors fees to pay
Will I need to inform the bank of the pending sale? I should say solicitors have been instructed to discharge the debt to the bank.
sellornot
I mean that if they don't know you are selling it, they will be chasing you to clear the arrears. If you tell them that you are selling it, they will probably stop ringing you.