S
Can you not sell these two at some profit (even if you break even they would not be a drain on your finances costing you money like they are now):
1.investment hse mtg 90k value Eur200k c&I mtg repay 710p/m not currently rented trying to get tenants
2.investment hse mtg 162k value 195k Interest only repay 720p/m rent Eur140p/w
Sell them. Tell the estate agent you need them sold whatever it takes.
We must all take personal responsibility too - of that there is no doubt - BUT don't try to tell me that the OP got into this crisis on her own.
Personal responsibility, yes partly, but governmental responsibility - even more so.
But still based on the OP's figures I fail to see how any person could have borrowed based on the figures posted. It is beyond my belief system.
Hi
Heres our financial information
1.investment hse mtg 90k value Eur200k c&I mtg repay 710p/m not currently rented trying to get tenants
2.investment hse mtg 162k value 195k Interest only repay 720p/m rent Eur140p/w
3. investment hse mtg180k value 135k interest only repay 780p/m rent 120p/w
4. own house mtg 200k value Eur250k C&I repay 933 p/m
very worried as our properties are all cross secured and afraid of losing our home. We have 2 credit cards maxed balance of Eur6k and 7k as I've been using my credit cards for the shortfall in money every month
car loan BOI 23k repay eur717 p/m
friends first loan 15k repay 400 p/m---used for the stamp duy and furniture of 1 of the IHL .
We got caught up with this whole property bubble, husband was in construction .
My salary is eur2400 p/m
Husband currently on job seekers 204 p/w but this will run out in 2 months
childrens allowance Eur800 approx p/m
creche is Eur150 p/w as she had started there before husband had lost his job and is settled there. 3 other kids are with my sister after school with no cost t.g.
any suggestions on what to do. the only property if we could sell would be the property valued at Eur195k with 90k mortgage.dont know what to do we were very foolish but what to do now is the question. Our family dont know about the other properties so cant even ask for help.
thanks
Any suggestions on what we can do
Robin banks
...my husband pretends to the kids he's still working.
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