House handed back - Deprivation of Capital!!!

TOBRUK

Wow! .... WHAT!! ... Words fail me ... honestly (wrong choice of word!) what are you doing?!

Am I right that a while ago you were telling people that you knew how to work the benefit system. Also making sure how many hours you were working so as not to lose benefits? I'm sure if I looked back I would find the thread and the posts.

One thing I do know for certain - I wouldn't want you as my my accountant! You once had more than enough to pay off the mortgage completely AND have money left over to live on for a good while. You decided to be clever and gamble/invested the money, BUT, the shares or whatever crashed and you lost money! However, now all you can do is blame everybody else - as alcoholics do ... you are in denial ... it will never be your fault.

Emmzi, from what you say and I understand no bank would 'buy' a property - that is correct isn't it?

So Andyandflo, no money exchanged with your bank - 'lender'? Actually, it wasn't yours to sell as the bank was your lender you still owed them - why would they buy what they already partly owned!! Is your name still on the deeds? You are in such a mess - a mess I'm afraid is your own doing.

Indie_Kid

TOBRUK wrote: »

Wow! .... WHAT!! ... Words fail me ... honestly (wrong choice of word!) what are you doing?!

Am I right that a while ago you were telling people that you knew how to work the benefit system. Also making sure how many hours you were working so as not to lose benefits? I'm sure if I looked back I would find the thread and the posts.

He's told people time & time again on ESA (and JSA - what the hell?) to do permitted work so they can earn up to £93 per week if they work up to 16 hours per week - and apparently claim tax credits at the same time and wouldn't lose their benefits at the same time.

Emmzi

TOBRUK wrote: »

Emmzi, from what you say and I understand no bank would 'buy' a property - that is correct isn't it?

That is completely correct. There is no advantage whatsoever in them doing so, as their security over the property entitles them to sell it anyway.

I suspect OP has signed paperwork that circumvents the legal process for repossession and means eviction orders etc do not need to be issued. This is not at all the same thing as selling the property to the bank.

Also note that the bank HAVE to return surplus sales monies to him by law, after their deductions/ borrowing is repaid. So where he gets the idea of an ex gratia payment I do not know! Any equity left over will be given back to him.

TOBRUK

Thanks for that Emmzi, I'm not knowledgeable in this field or an expert in the way the bank works or mortgages etc but I do try and understand when it applies to me - and if I don't understand I ask someone who does.

However, it doesn't take an expert to know that what the OP has been doing is dodgy ... his explanations, or should I say his interpretation of rules or information etc is ...complete rubbish. I don't think he understands that there are experts on this forum who knows all the rules and he is being found out.

Many people here have been extremely patient with him - thread after thread and post after post, giving, well trying very hard to advise him. However, every helpful post has been thrown back ... he has never (to my knowledge) thanked them or shown appreciation ... to the contrary, has been aggressive, arguementative and ungrateful. He will argue that he is right and everyone else is wrong if the answer doesn't suit him.

Some here may think that I am being very harsh and ... I don't know about anyone else ... but my patience is very quickly running out ... it's exhausting!

andyandflo

TOBRUK wrote: »

Thanks for that Emmzi, I'm not knowledgeable in this field or an expert in the way the bank works or mortgages etc but I do try and understand when it applies to me - and if I don't understand I ask someone who does.

So do I! The only difference is that you want answers to solve a problem for you or to help you understand. I ask for help so that I can do the entire opposite. Knowing what the result will be. Looking for a way of making it impossible to get out. (the house purchase!)
If the rules say do this, and you will achieve that, then I will do the entire opposite to achieve maximum destruction, confusion and illegality. All of the answers I have had on here have helped enormously with that.

However, it doesn't take an expert to know that what the OP has been doing is dodgy ... his explanations, or should I say his interpretation of rules or information etc is ...complete rubbish. I don't think he understands that there are experts on this forum who knows all the rules and he is being found out.

Yes I know there are experts on here - why do you think I ask the questions. I get the right answers then turn the situation 360' to ensure that what I do is completely wrong and illogical.

Many people here have been extremely patient with him - thread after thread and post after post, giving, well trying very hard to advise him. However, every helpful post has been thrown back ... he has never (to my knowledge) thanked them or shown appreciation ... to the contrary, has been aggressive, arguementative and ungrateful. He will argue that he is right and everyone else is wrong if the answer doesn't suit him.

I am testing your answers so that in my dealings with anybody that I come across I can create as much chaos, confusion and disbelief.

Some here may think that I am being very harsh and ... I don't know about anyone else ... but my patience is very quickly running out ... it's exhausting!

I have taken 6 years to get here. I have now destroyed myself and everyone around me. That was the intention from the start.
No one can believe that so much could happen and go wrong in one person's life. Oh yes it can and I am living proof of it.

Yes I am an alcoholic and 'hooked' on Morphine. I will find my way out of all of this, no one can help me now. No one could even attempt to unravel what I have done and created and repair it.

[Deleted User]

I get the right answers then turn the situation 360' to ensure that what I do is completely wrong and illogical.

360? Doesn't that leave you facing the same way?

sazzybum

Deleted_User wrote: »

I get the right answers then turn the situation 360' to ensure that what I do is completely wrong and illogical.

360? Doesn't that leave you facing the same way?

Oh thanks.. nearly fell off my chair there! :D

missworks2jobs

I've just come across this post and i'm not savvy with mortgages and handing back keys & investments etc. (i've got no savings, no mortgage and have no experiece of claiming any type of benefits and only have basic knowledge of what they all are).

BUT what the OP has done sounds nuts to me. I owed £30+k and hubby had racked up about the same. We were struggling with the payments including the mortgage, I lost part of my income....our mortgage had £36k left on it, the flats were selling for considerably more than that so the obvious choice for me was to cut our losses and sell the flat before we couldn't afford the bills anymore. We sold up, paid off the mortgage and all the solicitors estate agents fees etc. We were left with enough to pay off of my debts and a little chunk of hubby's.

If I were in his situation, I would have either a)paid off the mortgage with my savings until I was in a better situation financially/healthwise (mortgage free = lower bills, no savings i'm assuming means you have no income so could claim some sort of benefit while you were sick to see you through). or b) sold the house as soon as it looked like I was going to struggle longer than a short spell, using savings to plug the gap between any shortfall in selling price & mortgage and use the rest of my savings to live off/rent, not having to claim anything from anyone.

BUT that's just me, I'm starting to always try to do the easy logical thing. I've got a serious debt/borrowing aversion now too. I dont want to have to owe anyone anything if I dont have to - same for benefits, its using money out of the public pot (borrowing) in my eyes. I'll do it if I have no other option, but If I can help it i'd rather not.

I dont want to be in the situation where I have to, i'd rather be working and paying my own way just plodding along managing on what i've got. I'd prefer to leave it for people given a raw deal - mothers suddenly found without their husbands, people who lose their job unexpectedly, pensioners, those who become ill through no fault of their own, people who have horrible accidents and can no longer work rather than take it just because I've found a way so that I can. It should be a last resort, not an alternative option. Sorry if that sounds high and mighty - its just what I was brought up to believe. Its for the needy, and those who genuinely end up in a bad situation (not people who try to work all the loopholes and use it to deliberately put themselves in a situation where they can claim).

I bet all those freezing, hungry grannies would gladly have worked an extra hour a day in their younger years or saved a bit more if they knew it meant they'd be penny pinching because their pension was going to be so measly. I'm sure all those people exhausted looking after a desperately ill relative would give back every penny of benefits in exchange for their loved ones health.

missworks2jobs

andyandflo wrote: »

I have taken 6 years to get here. I have now destroyed myself and everyone around me. That was the intention from the start.
No one can believe that so much could happen and go wrong in one person's life. Oh yes it can and I am living proof of it.

Yes I am an alcoholic and 'hooked' on Morphine. I will find my way out of all of this, no one can help me now. No one could even attempt to unravel what I have done and created and repair it.

What?!? MSE forum is for people to try and get themselves and help others through difficult times...whether it was their own fault or not.

WHY would you purposely come on here asking for help....and do the complete opposite? You're making things worse for yourself and defeating the whole point of the forum. People give advice because they genuinely want to help/encourage others NOT the opposite. You're abusing their good nature for fun - and possibly leading others into the same trap you've voluntarily walked into by advising them to do the same - thats just cruel.:(

DX2

andyandflo wrote: »

I have taken 6 years to get here. I have now destroyed myself and everyone around me. That was the intention from the start.

Andy why would you do this, why would you hurt your wife, your kids and your grandkids? I suspect since you started this thread you have pushed the self destruct button and are hoping for others to take the blame and sort this out.

Go and speak to someone, yes it may take an age to rectify things but this needs to be done. Start from the beginning and tell the truth.