Reading all the posting in reply to mine, I can say that you have all proved me right. Not one of you actually contacted there B/S when they were aware there property had been repossesed, you all thought you could get away with it by keeping quiet and out of the way.(posted 8031 days ago)To all those who think they are being hard done by!!!!!!!!! I have been unfortunate to have had 2 properties reposessed, the first in 1982, as soon as the property had been sold i contacted the B/S and found there was a shortfall of £6k they settled for £750 full and final as i was on benefit and unemployed, this was literally 3mths after being reposessed.
1985 i purchased another property and in 1997 this was reposessed, again as soon as i new it had been sold i contacted the B/S (Halifax) and was informed there was a shortfall of £87000 (yes eighty seven thousand)I made them aware that i was unemployed with no likelyhood of a job in the near future, i was also in rented accommadation and on benefit. They agreed a full and final settlement of £5000 which i said i could borrow from a friend, that was all done and dusted 2mths after property was reposessed.
What i am trying to tell you is, you have a greater bargaining power just after being reposessed, you should be skint, in rented and on benefit, it all goes with the territory of being reposessed.
By delaying it all for years and waiting for them to catch up with you, its obvious why your all too scared to fill in I&E forms, and always looking over your shoulder.
you can listen all day long to these barrack room lawyers on this site quoting Human rights act, this act. that act, but at the end of the day they are very clever (Thet got reposessed TOO)
I now have another mortgage with the Kensington, rates a bit high but at the end of the day i own a propert once again, and as the sayin goes.......Debtors cant be choosers.