'Law - the principle which precludes a person from asserting something contrary to what is implied by a previous action or statement of that person or by a previous pertinent judicial determination.'(posted 8529 days ago)I wonder. Many repossessees claim that they were told to hand in their keys and let the MIG take care of everything. I think the action by the lenders which implies that this was indeed the case is their undue delay in contacting people about their intention to claim mortgage shortfall 'debt', especially where no money judgement was sought or obtained within a year of the sale of the repossessed property.