Do building societies ever reimburse?greenspun.com : LUSENET : Repossession : One Thread
My house was repossesed eight years ago, and it was sold for twice the amount borrowed. What happens to the equity that i had built up in the property? I have never heard from the building society since, should I have received the excess cash made from the sale of the property?
-- Joy Farquharson (firstname.lastname@example.org), June 14, 2000
Theoretically, yes. Though you might expect them to retain costs, etc.
-- Lee (email@example.com), June 16, 2000.
They owe you money -go after them see a laywer ASAP and please let us knowwho the lender WAS -reply on this Public Board -there may be others out there-who are being chased for a shortfall or who are owed money by the same lender
-- charles twford (firstname.lastname@example.org), June 18, 2000.