Is My Mortgage Agreement Unenforceable

Angry_Cat

Anyone have anything useful or constructive to say

A sale of a mortgage debt is different from an assignment of a mortgage debt

GMS

Angry_Cat wrote: »

Anyone have anything useful or constructive to say

A sale of a mortgage debt is different from an assignment of a mortgage debt

Apologies if the responses have not been the answer you require.

Doubt you will get the answer here. Maybe some highly paid lawyer could attempt to have the mortgage deemed unenforceable.

My cynical view is that you will get nowhere. Do you not think if the mortgages were unenforceable then every lender under the sun would have been recalling them at the time when equity far outweighed the mortgage?

If you got a letter saying your agreement was wrong so they were going to cancel the mortgage and take back the security would you agree? Of course not.

Pay the mortgage as you agreed to do when you signed the T&C's. Other than that keep looking for a way out of it and potentially lose a fortune in fees.

Thrugelmir

Angry_Cat wrote: »

Anyone have anything useful or constructive to say

A sale of a mortgage debt is different from an assignment of a mortgage debt

The topic appears to have been well covered. I would suggest you seek very good legal advice before deciding on the next course of action you should take.

DVardysShadow

Angry_Cat wrote: »

More from CAG to show you are wrong

OK, we are all wrong. Don't feel obliged to make us all see it your way, have the courage of your convictions and stop paying your mortgage. And take responsibility for the consequences.

Just don't say no one told you.

GMS

OP ask yourself this.

If you were aware of a way to have peoples mortgages written off and homes retained would you:-

a) Place the information for public consumption within one of many forums set up for people to exploit loopholes to avoid paying their debts

or

b) Set yourself up as the most client friendly agent known to man and charge handsomely and fairly in order to save homeowners from paying for something they agreed to do so by signing the legal charge and T&C's?

Feel free to pursue this and part with your hard earned. I have dealt with clients who have unsuccessfully followed poor advice and ended up with a huge bill for the privilege. Not nice when somebody stands to lose their home due to believing what a faceless individual told them to be true. At least 'the man in the pub' needs to look you in the eye to tell lies

Stuey_Griffin

Sarah Smith from Channel 4, is beginning an investigation into the Lehmans servicer- ACENDEN Ltd (Capstone).

she is requesting any borrower or anyone that has been repossessed or being repossesed through ACENDEN to contact her at;

sarah.smith@itn.co.uk

if anyone wants to submit any info, your experience to her and finally get this exposed, now is your chance- she is committed, but needs your help.

the 'lenders' of Lehman Bros UK;
Southern Pacific Mortgage Ltd (SPML)
Preferred Mortgages Ltd (PML)
Southern Pacific Personal Loans Ltd (SPPL)
London Mortgage Company (LMC) various guises