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When should I contact lender to offer to settle s/fall ??

from sid whelan (sdd.whelan@cwctv.net)
5 years ago my property was re-possessed by the Northern Rock who attempted to contact me once about 2 years ago because I was foolish enough to put myself on the voter's roll. They actually wrote stating that the property had been sold and could I confirm both my address and my ex-wife's address in order that they could arrange for the proceeds of sale to be distributed !! As i did not for one minute believe that there was a surplus form the sale i naturally refrained from replying.

I immediately moved house and refrained from adding my name to the voters roll. I have since re-married and have bought a house with my wife,which for obvious reasons,is in my wife's name only, for the time being. I don't know if anybody else out there is in the same situation, but i do not like the situation and to be honest do not relish the idea of waiting 1 year or even 7 years to clear my name.I want to do it now!! I have read on the site that normally the lender will accept 10% of the amount owing, but do not now what the amount of the shortfall is at this stage but intend to find out using s solicitor. My question is, is there any advantage or indeed disadvantage to contacting the lender in an effort to settle their shortfall claim via a solicitor now, before the 6 years has expired ?

(posted 7860 days ago)

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