Loan is with a different lender....Can they force you to sell your home.
Contact your lender with the residual debt, provide them with an honest assessment of your joint assets and liabilities, income and expenditure, then make that offer again in writing or offer an instalment payment.
Even if the home loan was paid off in the morning a judgement mortgage on a family home where the wife is not party to the other debt it is worthless.[/QUOTE]My friend is in much the same position as joanj.Home mortgage with Ulster but BOI now going for judgement re residual debt balance on investment property loan.However my friends wife was not party to BOI loan.
As long as the home loan is serviced BOI can do NOTHING.Ulster allowed him go from Capital/interest to Interest only which ensures it wont be paid off until after the 12th year.
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