Readers of this site should be very cautious about some of the advice given. Although there is a lot of advice and information given by some very knowledgable people, there are also postings from barrack room lawyers who really havent got a clue.

Always err on the side of caution before implementing any of the advice given, or you may find yourself in a worse position than you are now.

Keep posting and good luck to you all........

Alex Marston.

-- Alex Marston (carrondale@aol.com), May 15, 2003

Answers

I agree people have to do their own research but howe exactly can even wrong advice make anyones situation worse with regards to a huge shortfall debt? Im not saying it cant Im just curious?

-- Neil (neilaw_uk@yahoo.co.uk), May 15, 2003.

I agree with Alex one should err on the side of caution and double check everything. I think one should also get a second opinion after speaking to a professional, even they don't always agree!!

Mark.

-- M Amos (idgroms@hotmail.com), May 15, 2003.

PS - Alex, Just wondered if you have seen some of the appalling advice given by Solicitors and CAB agents re shortfall debt in some stories on this site? Some people find themselves admitting liability due to the incompetence of solicitors with no working knowledge of shortfall claims.

This is particularly true in the case of interest liability with which the Court Of Appeal case ruling dictates that the claimant only has 6 years to claim interest on a shortfall debt. So many solicitors just say "well its your debt so pay it all" without challenge. I have first hand experience of this appalling attitude.

My advice also is do not under any circurmstances give solicitors carte blanche to do what they like on your behalf, always review what they are doing before they do it. I would also suggest using a solicitor that has working knowledge of such claims.

-- Neil (Neilaw_uk@yahoo.co.uk), May 15, 2003.