What a Stitch Up!

I purchased a property back in 1988. Two years later the balconies on some of the properties collapsed. The property value plunged from £40k down to £9k. Some 10 years or more later and the properties just about scrape £20k. I have lived with this nightmare for over 10 years now and the Halifax refuse to do anything to repair the damage that this has done to my life and many others. We have lived with the worry of repossession day in and day out . Were many have walked away, many have carried on paying even though they will never ever redeem the value of the mortgage back. I now live with my new wife and have to try and lease the property out. Because the decline in the area due to the neglect and the many people who have left, it is hard to get a tenant to occupy the property. I have now been forced into a corner like many others in this area. Either carry on leasing with 'bad' tenants, repairing the damage, not getting the rent paid - or simply hand the property back. This is so unfair as the defect was no ones fault and should have been picked up by the valuations/surveys Halifax had done to ensure the properties were worth their value. There are over 240 properties within the area all in the same predicament. To add insult to injury ONLY Halifax will give mortgages on the properties, a bit of a coincidence considering Halifax own 90% of the properties! Can you PLEASE help as Halifax have sat on there back sides all this time while honest people like myself are trying to do the right thing. I am now at the point of throwing the keys back as there is no point continuing with this mess. Halifax are just not interested. I now have a property with my new wife which has considerable equity but the house was my wife's when I met her. I have recently been added to the mortgage. I do not wish to have this property sold as it really is not mine to sell. I have contacted the Halifax and informed them that over 14 years of owning the property I have paid back over £42k of a £36k mortgage and the property would still sell for about £20k and I am awaiting their response. I am really annoyed as I am being forced into this situation and there seems no way out and none of it is my fault! It would be ok if I could sell the property but they must be the only properties in the UK that have not increased in value in the last 10 years. Any advice would be welcomed. Can I be made bankrupt?

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