Hi

Back in august 2008 i had my home repossessed,

I owed around £114k and the house was valued at £120k at the time.

I had the mortgage(interest only) with db mortgages.

I tried to pay off the outstanding arrears of £11k in order for them to overturn the repression the day after eviction but was turned down.

I moved back in with my parents and enroled on the electoral register and continued to work for the same employer to today.

I left them my new address which i am still at.

I then heard nothing until about 2014

i received a cheque for about £180 off them for some financial compensation but i am a bit vague about this.

There was no other contact at all i did not know what the house had sold for or if there was any shortfall.

In march 2017 i received a letter from Alev credit asking me to contact them about a £48k short fall.

This was the first time i had herd of Alev i had no idea they had taken over the debt.

They just asked politely would i contact them to arrange repayment.

I ignored them and herd nothing until may this year

a company called shoe smiths acting for Alev.

The letter was again asking me to fill in a means form and come to an arrangement to settle the debt.

I again ignored but yesterday another letter came from shoo smiths saying the same (no threat of court action).

The other strange thing is that when i have searched for the house sale i only find that i bought it in 1998 and the next time it was sold was in 2014 for £122k!

What is best to do keep ignoring them(i have never spoken to any one since 2008 so have not acknowledged the debt)?

Have they got a case or are they shaking the tree to see what fall out?

seems like they have bought a portfolio of shortfalls for

and are trying their luck at spoofing people into paying for their staff holidays using your free money they hope you'll be scared enough to give them.

read these

https://cse.google.co.uk/cse?cx=partner-pub-8889411648654839:6449422593&ie=UTF-8&q=alev&sa=Search+CAG

Thank you for your reply

One thing that is still worrying me is why the house is not showing up as sold until 2014 but yet i know there was some one living in the house.

Could this affect the 6 year cut off under the CML code of practice?

Are they allowed to say rent the house out until they see fit to sell even up to 6 years, then ask me to pay the short fall on interest accumulated in the 6 years from repression to sale?

doesn't change your time line.

Even though the house only sold in 2014 that would only be 4 years ago and cml states

"Mortgage Lenders have agreed voluntarily that they will begin all recovery action for

the shortfall within the first six years following the sale of a property in possession. Anyone whose property was taken into possession and sold more than six years ago, and who has not been contacted by their lender for recovery of any outstanding debt will not now be asked to pay the shortfall”

If they where to take me to court and i agree that is a big if.

One of my defence would be.

The reason i took out he mortgage with DM was they where and still are members of the CML, and there for should abide by there rules or i would not have taken out the mortgage in the first place.

So Shoo Smiths could argue it is only 4 year since the sale and section 29 dose not apply.

Is there a logical reason why it took so long to appear on the land registry?

no they cant

its when they repo'd the clock starts

Anymore news ? I'm in a similar position.

Better to start your own topic

You wont get seen here

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