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21 Jan 2008 12:00 AM by tweety5 Star rating. 42 posts Send private message

 maria l de castro can you please advise me.? ive already wrote a post on here concerning repossesion. ill just remind you, ,, i own a hose outright, no mortgage, two years ago i bought another one with a 100% mortgage, i owe 217000, the house is only now worth about 178000,  im finding it hard to pay the mortgage as it has gone up so much, no one explained to me i was on a three year tier system, so it has gone up evry year, then with  the intrest hike,need i say more?? yes i know ive been a bloody fool but i thought i would be able to rent it out all year......not!!!   i expect there is hundreds in this position and the banks must be quite embarresed about the amount of reposessions. my quetion is, if i sell my home i own outright and send the money back to uk will they chase it up? what would happen if i done a runner? like lots of people i know have,  how can i get out of this?  i never thought i would find myself in this possition at my age, im so upset it has come to this, ive never done anything criminal, but i find the banks here very rude and not at all understanding, what woild happen if i just gave the keys back? can someone legal answer this as ive seen similar quetions on other forums so it must effect a lot of people, thats the only thing that keeps me going, knowing there are others in the same boat





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21 Jan 2008 11:06 PM by morerosado Star rating. 6927 posts Send private message

morerosado´s avatar

Hi Tweety

Gosh, I'm sorry to hear your story. I somehow doubt if Maria will see this as you've just put help for the thread title rather than "Maria, help needed " so why don't you send your questions to her. Here are her details. (Or do a search for maria de castro & PM her).   Good luck.

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es



_______________________



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22 Jan 2008 6:51 AM by mariadecastro Star rating in Algeciras (Cadiz). 9419 posts Send private message

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Better send an email to me to: mldecastro@costaluzlawyers.es    or    marialuisa@costaluzlawyers.es

Thanks,

Maria

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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