I SARN'd the Abbey National and Dibb Lupton after receiveing a demand for a five figure sum from Dibb Lupton acting for the Abbey for a shortfall.(posted 7957 days ago)The Abbey have replied and I have heard nothing from DLA (the 40 days has elapsed). There are possibly hundreds of pages and I've sifted through them and it would seem that the Abbey have been paid a redemption payment from a mortgage guarantee policy. The cost of this policy was included in the amount they loaned me. The redemption payment is in excess of the amount DLA are chasing me for and the account appears to have a credit.
I cannot find a letter from the Abbey telling DLA to chase me and I thought if it was the insurance company who wanted to recoup the money they paid the Abbey, that DLA would show the name of the insurance company as their client!
What should I do?
Do I phone the Abbey and ask them directly if they are looking for money from me?
Do I just sit and wait and see what happens next.
I should also mention that my home was sold below the market price and I have no info in the SARN re how it was marketed.
Can anyone advise me please? Is there a likliehood that the insurance company will chase me for this "debt" after 4 years?