new threat from abbey after long silence

Abbey nat via eversheds are after me for a supposed £50k debt from 1992.Their new policy says "in effect from 9 oct 2000 we will only seek to collect oustanding mortgage shortfall debt based on the valuation obtained at posession irrespective of the sale price and further discount the overall debt by 50% for those customers wishing to seek a resolution." Has anyone else come accross this? is it true? will they really honour the 80K valuation instead of the £40k sale price?

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