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Old debt haunting me from my past
PinkGalore
Posts: 2 Newbie
Just got a letter out of the blue asking me to clear a debt of over £10,000 for a shortfall in the sale of a property which was sold in 1999 by my ex-husband. As my name was on the original mortgage they have tracked me down and want money from me..... Ouch ps the ex says he paid it Though he can't frind the paperwork
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Comments
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who is the letter from and what does it say?
I am no expert but would suggest this debt would be statue barred?0 -
thefoolonthehill wrote: »who is the letter from and what does it say?
I am no expert but would suggest this debt would be statue barred?
Shortfalls on a mortgage take 12 years to become statute barred rather than 6.
Though there are other issues to consider with FOS guidelines and CML member policies on recovery.
Have a careful read through the info in the link below.
Link: Mortgage shortfallsFree/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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