hopefully my last query.....greenspun.com : LUSENET : Repossession : One Thread
nationwide have accepted my offer of settlement. I now have to write a letter to send with my cheque. Can anyone advise me what should be in that letter as regards making sure that the matter is closed forever. Do I need to write 'without prejudice' on it? All suggestions gratefully received. This message board and the site have been utterly fantastic for me over the last 10 months. When this matter is over I shall remain immensely grateful to everyone on here. I would have crumbled months ago if it weren't this website.
-- (firstname.lastname@example.org), January 14, 2002
Write a letter referring to the debt and saying "I enclose herewith my cheque for £x as agreed, this is full and final settlement of my debt with you and presentation of my cheque is acceptance on your part that this is so".
Write on the back of the cheque any account number, and the words "in full and final settlement"
That should do it!
-- David J. Button (email@example.com), January 14, 2002.
Based on previous advice on this site I think you should also consider;
If you and a partner were liable for the mortgage then the letter should be from both of you.
You should require the bank to remove all adverse status statements at credit reference agencies concerning the mortgage.
The full and final settlement must apply to the bank, and any insurance company which held a MIG policy on the loan.
-- anon (firstname.lastname@example.org), January 14, 2002.
...and any past current or future interested party in the settlement of this debt shall henceforth no longer have any claim whatsoever on the mortgagor (Name etc), his/her future assets and any goods and/or chattels to which title of ownership belongs to said (Name X)
Not that I don't trust these people. Moi?
-- Too scared to say (email@example.com), January 14, 2002.