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Outstanding balance
Dan1604
Posts: 1 Newbie
Hi. Over 13 years ago I had my house reposessed and sold on.
Last year around August a company which has now taken over the mortgage company I was originally paying my mortgage with have started sending me letters saying I owe around £4000 that is still outstanding from the sale of the property. I want to know a few things.
1. Why has it taken 13 years to tell me this.
2. Should I pay the outstanding amount.
3. My mortgage at the time was £55000 and I have found that the property when it was reposessed had sold for around £72000
4. Can the company who has taken over the mortgage company I was originally with (Gmac) take me to court
Last year around August a company which has now taken over the mortgage company I was originally paying my mortgage with have started sending me letters saying I owe around £4000 that is still outstanding from the sale of the property. I want to know a few things.
1. Why has it taken 13 years to tell me this.
2. Should I pay the outstanding amount.
3. My mortgage at the time was £55000 and I have found that the property when it was reposessed had sold for around £72000
4. Can the company who has taken over the mortgage company I was originally with (Gmac) take me to court
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