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Response to Should I pay up??

from debbie dibble (debbie.dibble@ntlworld.com)
Hi, I totally understand your situation. My Husband bought a house with his then girlfriend in 1989 for £65,000 £60,000 of which was a mortgage. After 2 years they split and returned to their respective parents. I then met my Husband and we (with the backing of his family) decided to let the house as the interest rates had doubled his mortgage payments. The tennants paid 2 months rent out of a year and evaided all contact (they were never in). After much discussion with the Abbey National it was decided the best option was to give up the the house for volentry reposession. (the mortgage was £6,000 in arrears by this time) His ex disappeared off the face of the earth and so this seemed the only option. We were assured the indemnity ins would cover any shortfall. 2 years later ( by which time we were married) we recieved a letter stating that the house had been sold for £42,000 and their was a shortfall of £24,995 which included cost for changing locks, removals, and a few small repairs. We were stunned! Following several conversations with the Abbey we felt we couldnt satisfy there demands no matter what so we decided to ignore them. We heard nothing again until 2 years ago by this time we had 2 children and another mortgage (which is at a very high interest rate). We took advise and although the Abbey were offering us to settle for £16,000 we didnt have that kind of money. In the end a firm of solicitors Eversheds were pursuing us every day to the point where Sundays came as a welcome relief as they were closed. The employee of Eversheds that we were dealing with was very persistant to the point of being rude and insulting. So a friend who owns a commercial debt collection agency wrote to them on our behalf telling them what we had already told them, that we had no savings (even if we did i would rather give it away than give it to them) only my Husband was working so they were wasting their time. We heard nothing until yesterday. The letter was from Eversheds offering us to settle without prejudice for £10,306,06. I decided to call Abbey National direct to see if Eversheds were acting on their behalf of if they had sold the debt to them. I was greeted firstly by a frosty lady who had answers for everything i said even before i had finished saying it (quite intimidating). After offering to phone Eversheds for me she returned my call her attitude was very different almost helpfull, she told me they would settle for a percentage of the 10,000 but wouldnt tell moe how much but mainly tried to get me to complete a means for so they could see we have no money spare. I have let them send the forms but we intend to return them not completed as i feel that as soon as they have my Husbands employment detail they will propbally put an attachment to his earnings which we cannot afford. They leave us no alternative but to ignore this matter as we have not got the answers they want.....MONEY! If they take it any further then i would go as far as to sell outr home and go into rented afterall it is my Husbands debt not mine so they cannot touch what is legally mine. Do I hear you ask "What about the ex girlfriend? She is swanning about scot free because they cant find her!!!!!! If anything i hope to know that you are not alone is a comfort

Regards Debbie

(posted 7497 days ago)

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