should i come clean or hang on?

greenspun.com : LUSENET : Repossession : One Thread

In 1995 after 5 years struggling with a 30,000 mortgage, I sent the keys back to my lender (Birmingham Midshires, since taken over by the Halifax I believe). I have rented property under various names since then, always moving when letters start to arrive asking for shortfall payments. Since 1999 I have heard nothing at all and have stayed at the same address. My concern is now that me and my partner are looking at buying a property as we are both earning a decent salary. Should I approach my past lender and offer a lump sum or wait to see what my new lender will say? Any advice will be gratefully received.

Jason

-- jason dyson (discodyson@aol.com), March 12, 2001


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