Response to county court judgement for shortfall after 7 years of repossesion

Rajes,

I think you should obtain professional legal advice as a matter of urgency, you could, in the first instance, contact Ahmed Butt of the Mary Ward Legal Centre, he is a very good debt advisor (tel. no. 020 7831 7079). Whether or not you accept the debt depends on whether you think it is fair. Did the lender undersell your property ? Did the lender market your property correctly ? Have they justified all the costs ? Who did they sell your property to ? An employee of the lender/estate agent ? Have you put the lender to strict proof of the alleged debt ? I suggest you read my answer/s under the following recent postings "Abbey N, Eversheds, Mr Fear" dated Nov 3 & "Indemnity Policy" dated Nov 7. I would certainly consider making an "ex gratia" offer, this is usually the best solution, but please check with a professional, if Ahmed can't help try the NAMV, or CAB. Some councils also have specialist advice units which can help too. You may also qualify for legal aid. Good Luck.

Mark.

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