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Response to Moral Dilema

from Moira (Anderston828@aol.com)
alex

I can imagine how you feel....We disclosed our repo to the halifax when we applied for a mortgage as we had settled the matter with a F & F. But we wanted to be up front. anyway the halifax told me that these things DONT show up after 4/5 years.

The difference with you is that you don;t know if there is any shortfall lying dormant somewhere and you just don;t want to open that can of worms.

My thoughts are that if there was a Possession Order it would have showed up in your credit checks. And there has to be a Possession Order first to allow the creditor to chase you for any shortfall. The chances are that the matter is now time barred as they have not taken any action to pursue it. could it be that there was no shortfall as the house had enough equity to pay everything off?

Just a thought but why don;t you get in touch with Land Registry to find out what the house sold for around the time you gave it up. they can check their archives. That way you might find out that it sold with a profit. This will cost you less than £10.

I dont know if it is possible to simply phone the local court and find out it there is any decree etc against you.

From what you say it sounds as though everything is ok but perhaps one of the more knowledgable people who post on the site might advise you better.

Wish I could help you more.

Good luck with everything

Moira

(posted 6956 days ago)

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