evershedsgreenspun.com : LUSENET : Repossession : One Thread
we gave the keys back to are home in 94, and eversheds say we have to pay 25,206 back. what can we do.
-- sally-anne findlay (email@example.com), November 28, 2002
When were you first contacted regarding the alleged shortfall ?
-- M Amos (firstname.lastname@example.org), November 28, 2002.
Hopefully you have not replied to Eversheds or lender as yet. Check out who your lender is and that if they are a member of the Mortgage code. If so they only have six years from the sale of property to claim the money back. However this is a voluntary code, under law they are allowed 12 years, but you can go a few extra steps to makesure that you do not have to part with any money.
Keep us posted there are many people who offer great advice on this site.
-- Geoff Winters (Geoffemail@example.com), November 28, 2002.