[ Post New Message | Post Reply to this One | Send Private Email to Tim Heath | Help ]

Response to Money Judgement

from Tim Heath (ti,_n_heath@hotmail.com)
Sorry, I missed a bit of my response (over zealous mouse clicking!) In response to the upshot being that teh lender has 12 years from the date of sale I would say that this is what the lenders claim. In reality the date of sale has no practically no bearing on the starting point as there are a lot of other factors involved. ie Mortgage terms, Date of last payment etc etc. In theory it is possible to argue that the start point is date of "sustained default". I saw this in my Mortgage T&Cs and got a copy of the "Indemnity Claim Form" (quite by accident) that lists the date of sustained default as over 12 years ago in my case. May just well be one more document you want to ask for if you had an MIG.
(posted 8421 days ago)

[ Previous | Next ]