I bought a flat in 95 for #26250. I had to give it up in Jan 99 as I got married and could not sell it - it was overvalued and the market price was about #21000 and they were not selling.(posted 8728 days ago)It is with the Royal Bank of Scotland. Since I handed the keys in I have not heard a thing.
I know they may come after me in years to come. How long? I know they may demand a high sum (eg #15k) and the advice is to make an offer (eg 2k).
I feel I was misled by the valuer but cannot take action against them as his contract was with the bank not me.
I have 4 small investments in my name - can they find out about them and take the value off me?
The flat was in my name alone. If anything was in my name and my wife's (joint) would they still be able to touch it?
Would be grateful for advice.