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BBC Radio 5 Live Report tonight
BobProperty
Posts: 3,245 Forumite
Was on repos and lenders chasing up repo debt years after the event. I can only find the podcast.
http://www.bbc.co.uk/radio/podcasts/5lr/
I'm listening again but I didn't have much sympathy for the "victims" when I heard it the first time.
http://www.bbc.co.uk/radio/podcasts/5lr/
I'm listening again but I didn't have much sympathy for the "victims" when I heard it the first time.
A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.
0
Comments
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Thanks. Listening now.
I can't believe people who can't keep up with the mortgage, raise more money for home improvements.
And it is incredulous that they don't realise that they will owe the balance of any negative equity. This all happened last time.0 -
[Snark mode on]
Midlands family "we didn't know about mortgages" - but you were happy to sign one or two.
Geordie girl didn't sort out mortgage when she split. Also never checked that the repo sale covered what was owed.
"I don't have a clue why I've been contacted and he hasn't...." Er, because you have a house and a job and he's not working and renting, maybe?
"Mike" had property for sale at £72k but it was sold for £53k by the bank. Is in denial about owing money of £16k shortfall and £13k interest. Represents himself in court as he has no money. "you feel like a criminal being sat in front of judge" I don't. I've been in county courts in front of judges on numerous occasions and I've never felt "like a criminal". Guilty conscience maybe? He's claiming that the 12 year limit has been exceeded but the case is on hold while the lender finds the paperwork.
Mentions code of practice reducing 12 year reclaim period to 6 years. Only she obviously didn't read the details as (IIRC) it only applies to debts incurred since about 2000.
Burton on Trent "John and Bev" "Assumed it would be automatically cleared". B&B used private detective agencies - again, er, wow, so what's new? They wait until he buys a house as previously he was on benefit. Jeez, how f***ing amazing! Wonder why they did that? He then defaults on the agreement to pay off the arrears and whinges that he's now having to pay more on his mortgage for longer.
The debt consultant, or whatever he is, then comes out with this classic: "the whole point of the process of repossession is that you are moving house and you may be hard to track down"
[/Snark mode off]
All the above is down to people not bothering to understand what they are doing/signing. The only thing I can see coming out of this is that lenders will send more stuff recorded delivery in future and that means that the borrower will end up paying for it.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
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Load of boll0x!!!
you can go bankrupt in the morning and borrow 20 million by dinner time these days0 -
I always thought once you were bankrupt you were pretty finished for life... certainly 10+ years and no chance of ever getting a mortgage again.
But since I've been here and seen the BR forum, I've realised that it's not like that at all and for those that had a good income to start with that they still had (just overloaded on debts), life could be quite straight forward again pretty soon. I've even seen people with BR in the last 2 years applying for mortgage again.
Eyeopening for me.0
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