Help Please - home repossession in s Ireland to a southern irish bank

[jimjim5]

I have a ccj for £71,027.48 and its accruing interest of £15.57 per day. It relates to a home repossession in southern Ireland to a southern irish bank. The CCJ was granted the 1 September in a UK County Court.

 

We have made an offer to pay at 50.00 per month and the court have forwarded the doc's to the Bank's UK based solicitiors.

 

They have failed to respond to the offer to pay and to give the court further instructions.

 

I rang the court this morning and they have instructed me to write them a letter.

 

what does this mean?

 

The Irish government are currently thinking of putting in place a law preventing banks from pursuing negative equity when they deliberatly sold a property below market value. Could this be the reason they have not responded?

 

Will the courts remove the judgement when they havnt acted or responded.

[citizenB]

I will try and find some help for you.

[Crocdoc]

At £50.00 per month the the capital repayment excluding interest will take 118 years to repay.

Depending on your current circumstances, income, assets etc, I think I would be looking at other options such as Bankruptcy.

However, without further detail it is hard to suggest the best way forward

[jimjim5]

Bankruptcy is not an option, we have looked at that already and as we have a home here with 2 years mortgage on it, we will lose it and possibly end up in further debt.

[citizenB]

I have left a message for site team. It will likely be later on today that someone will pop in and help

 

Did the bank sell the property well below value then ?

[jimjim5]

Yes they sold it for 100,000.00 euro. It was easily worth 150,000.00

[Ell-enn]

Did you defend the CCJ ?

[jimjim5]

No we didn't defend it, there was no point. It's not showing up in my credit report either.

[citizenB]

No we didn't defend it, there was no point. It's not showing up in my credit report either.

 

 

http://www.trustonline.org.uk/

 

All CCJs are recorded at the above link. It will cost you £4.00 to check. Might be worth a look !

[jimjim5]

I will do thanks. Does it ever happen that they go unrecorded ?

[Ell-enn]

No we didn't defend it, there was no point. It's not showing up in my credit report either.

 

You could have challenged the jutisdiction - was the mortgage arranged in Southern Ireland ?

[jimjim5]

It us in southern Ireland but there are reciprocal agreement's in place so we can't challenge jurisdiction. It will only increase costs.