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Urgent Help Needed Please
Comments
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I would suggest auction the Spanish place with a reserve at least that will get that noose off your neck, unless you are going to move there? I hear that the price of living is quite high so maybe not the best idea. I wish you luck and will see you on DFW!Thanks for replying, will post my details in the other section soon...
We have tried refinancing in Spain, the bank we are with have pointed out a clause in our mortgage conditions that states the terms/payments can not change in the first 8 years. We have to continue to pay the €1900 a month mortgage unless we sell the property which we are trying to do but this takes a long time. Even when a buyer is found the exchanging of contracts can take months and months.
Found it impossible to get a loan out there as you have to be a resident yet they gave us the mortgage!
We did this way to young - 21, 23 and are struggling. Other income:
Me - £1300 a month
Wife - £1400 a monthDebt free and plan on staying that way!!!!0 -
Sell the Villa for 300k - pay off all your outstanding debt, only to be left with flat at home... if Villa is worth 450k - then punting it for 300k should be easy..... :eek:We have following debts:
- Credit Cards - 30k, all defaulted on and passed to debt collectors
- Loans with 2 banks - 20k, all up to date £390 a mth 5ys left
- Loan with parents - 35k, all up to date £375 a mth/8rs left of 10yr loan
- 2 x loans with Mortgage Provider - 20k all up to date 24 yrs left
- Mortgage on 1 bed flat worth 160k, £180k! all up to date 24 yrs leftI am a Jedi MonkeyYou should note that this site doesn't check my status as a Jedi Monkey, so you need to take my word for it. This signature is here as I follow the Jedi Code of Conduct. Any posts on here are for discussion purposes only and shouldn't be seen as monkey madness.0 -
Blinded by Greed.Living Sober.
Some methods A.A. members have used for not drinking.
"A simple book for complicated people"0 -
RecoveringAlcoholic wrote: »Blinded by Greed.
A nice and helpful post :rolleyes::rolleyes::rolleyes:
Or could they have just been trying to invest for a better future together ??
Surely an outrageous idea :AI am a Jedi MonkeyYou should note that this site doesn't check my status as a Jedi Monkey, so you need to take my word for it. This signature is here as I follow the Jedi Code of Conduct. Any posts on here are for discussion purposes only and shouldn't be seen as monkey madness.0 -
jedimonkey wrote: »A nice and helpful post :rolleyes::rolleyes::rolleyes:
Or could they have just been trying to invest for a better future together ??
Surely an outrageous idea :A
Investing is what you do with your own money, not someone elses!0
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