Abbey N, Eversheds, Mr Fear

In 1995 we had our home repossesed after 5 years of hardship, during the 5 years we had several meetings with N & P (national and provincial building society, who the mortgage was with)we had come to an agreement to pay off the arrears a little each month, which, i thought was working well as i and my husband were now employed again. But, out of the blue they applied for repossesion, it was when Abbey were taking over. We heard nothing until 2001, a shortfall letter arrived for 10k, in which they appologised for the delay in contacting us and said they had sent a final statement to our last known address, which is a lie as our parents are there and no letters were sent. I read this sight then and i served SARN, but it came up with very little information. In the past twelve months we have had about two letters saying they are willing to accept a one off payment of £2500. The thing is after re-visiting this sight and reading through the information again i am wondering if the 12 year rule has set in as in 1990 my husband was made redundant and the mortgage was paid via an insurance for two years, but, i cannot remember if it was all paid and then after the two years he was still unemployed and there were missed payments. The thing is we are interested in buying our council house, but, i am scared in case they can claim the 10k on it and i am wondering about if we would be able to get another morgage if we don't settle, but we can't pay £2500 and save for a deposit also. Unsettled and confused.

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