Long shot. Northern rock. Gave up home.

user1977

Shewolfmegadeth said:

He hadn't fallen behind on repayments or anything, in short he was going through hell with his ex and paying out thousands in court costs. That's why there was issues with money and mental health problems over it all. 

What was the mortgage balance versus the property value at the time? Even if no arrears, if he was in negative equity then it would have been one of the debts in his bankruptcy.

BarelySentientAI

Shewolfmegadeth said:

He hadn't fallen behind on repayments or anything, in short he was going through hell with his ex and paying out thousands in court costs. That's why there was issues with money and mental health problems over it all. 

I presume he fell behind in payments very quickly after posting the keys at the bank.

tooldle

Was the ‘ex’ a co-owner of the property?

Schwarzwald

Shewolfmegadeth said:

This is probably a long shot that I can't imagine I'll get an answer. 
In short, my husband had a mortgage with Northern Rock, just as they were going under.
Due to financial issues he decided to sell the house, unfortunately at the time he needed some paper work from northern rock for the potential sale to go through. Months past and they didn't send him it.
He literally walked away from the house. At the time he was having a lot of issues with his ex so mentally couldn't cope with the added stress. He wrote them a letter and posted the keys through the letter box and that was that.
He also ended up going bankrupt just after. 
So to me, I'm thinking what the heck!! Can he do anything about this??? He walked away from a house! Or is it tough as it was literally like 20 years ago.
Any advice if even possible would be appreciated. 

before getting lost in details likes numbers, etc.
What do you think you can do? what is it that you want to challenge or claim?

he walked away.
he went bankrupt.
it's 20 years ago.
Northern Rock ceased operations more than 10 years ago.

i think you first need to come up with a case before getting lost in any numbers and detail.
but overall this sounds as a super steep uphill battle.
all proof will be on you.
sorry to hear that he had a tough time and wasnt mentally well.
but he was a grown up adult.

what's the claim you are trying to make?

Schwarzwald

Shewolfmegadeth said:

He hadn't fallen behind on repayments or anything, in short he was going through hell with his ex and paying out thousands in court costs. That's why there was issues with money and mental health problems over it all. 

that's context and reason for sympathy, but legally it sounds totally irrelevant ...

GDB2222

Shewolfmegadeth said:

This is probably a long shot that I can't imagine I'll get an answer. 
In short, my husband had a mortgage with Northern Rock, just as they were going under.
Due to financial issues he decided to sell the house, unfortunately at the time he needed some paper work from northern rock for the potential sale to go through. Months past and they didn't send him it.
He literally walked away from the house. At the time he was having a lot of issues with his ex so mentally couldn't cope with the added stress. He wrote them a letter and posted the keys through the letter box and that was that.
He also ended up going bankrupt just after. 
So to me, I'm thinking what the heck!! Can he do anything about this??? He walked away from a house! Or is it tough as it was literally like 20 years ago.
Any advice if even possible would be appreciated. 

"Due to financial issues he decided to sell the house, unfortunately at the time he needed some paper work from northern rock for the potential sale to go through. Months past and they didn't send him it."

That may be how he remembers it now, but Northern Rock was taken over by the government and continued to function more or less normally.   The paperwork he needed was probably a discharge of his mortgage, but that required him to repay NR in full, and almost certainly the sale price was too low for that.

If you want to follow this up, start with his trustee in bankruptcy, but I don't hold out much hope. Also, Northern Rock was taken over by Virgin, and they may still have some records of the repossession.

RHemmings

GDB2222 said:

If you want to follow this up, start with his trustee in bankruptcy, but I don't hold out much hope. Also, Northern Rock was taken over by Virgin, and they may still have some records of the repossession.

I believe that many of the assets of Northern Rock including outstanding mortgages were sold to a US private equity firm as per earlier in this thread. That doesn't mean that Virgin won't have records, but it's possible that it's the private equity firm, or their agents, who carried out the repossession. 

I've asked before, but I believe that for some forms of debt contacting the creditor can reset the clock and they can pursue the debt again. I'm not sure that this applies here, but it might be worth checking before contacting any potential creditor. As mentioned earlier in this thread, the mortgage debt (including principal and interest) may have been written off as part of bankruptcy. But, check first?