Hard to believe but they were worth even less odyssey06. In 2011 a similiar property in the same village was sold in an Allsops Auction for 40K
Not unique. I have come across a number of situations where PIP's have charged relatively high fees to give "advice" that could have been freely obtained on this forum. There are good PIPs out there but I would be wary of some of them who tend to offer somewhat stupid advice at times. I.e. I had a client come back to our bank recently with a demand that his mortgage be changed to interest only repayments. He had been meeting an acceptable level of P&I repayments based on his SFS. He stated that his PIP told him that this offer was acceptable to the bank. It took some time to persuade him that as his SFS disclosed an ability to pay considerably higher level than IO he would need to meet the higher payment or be excluded from MARP and ultimately risk losing his property!Well just an update on my sisters case. We went to a pip for 1/2 an hour he took €180 off my sister and he did nothing for her as I have ended up dealing with ulster bank on my sisters behalf. As my sister could not afford the mortgage she decided to go for a voluntary sale of the house. An offer came in for the house for €66k which after waiting for 4 weeks for the bank to decide whether they would accept this offer as we had to wait for the credit committee to make their decision ,they gave the go ahead for the sale of the property . Meanwhile the proposed purchaser (probably sick of waiting ) pulled out of the deal So now my sisters case is in limbo. Cabot are dealing with her account now however the sale of the house has not gone through . Don't know what to do now ? Don't know whether cabot have the total loan or whether interest is accruing. Also just wondering in the letter which my sister received from cabot it stated that" owing to the fact that you will remain liable for the shortfall and until such time as the shortfall is discharged in full the bank will only be releasing the property which is held as security in respect of the mortgage by way of deed of discharge/release and it will not be vacating the mortgage deed " can anyone explain this to me.
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