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Response to Did the lemders ever write off amy debts

from Lee (repossession@bigfoot.com)
Matty's answer is pretty good.

There is certainly evidence that lenders no longer have the documentation they need to back up their cases in court. Many documents appear to have been discarded when lenders were taken over by other lenders. One lender is thought to have lost the bulk of its documents in two separate document warehouse fires. Others have never got around to bringing all the documents relating to specific properties together. In these cases, if you bought a house through the lender's southern district head office and the southern district was later merged into the Midlands district, the southern district's house-purchase paperwork may still be in a warehouse in Hampshire and subsequent documents, copies of letters about you might be in the documents warehouse in Banbury, with nobody too sure that it is worth spending the time trying to collate them.

You are forcing them to spend time collating them when you ask them for documentary proof. Unwillingness to spend money is one of the reasons why you often do not receive any co-operation over this. But that works in your favour, of course, because an uncooperative lender cannot easily win a court case against you.

Lee

(posted 8472 days ago)

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