Posts Tagged ‘MORTGAGESHORTFALL’

My home has been sold and now I have received a letter chasing an outstanding balance. What are my options?

property crash

As the various lending institutions work through their ‘delinquent’ mortgage books, more and more people are approaching us at the end of the sale process, when the lender and their agents, usually solicitors, chase and seek recovery of the outstanding amount due, after the disposal of the asset(s) involved. If a property was purchased pre…

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Northern Ireland Housing Market Recovery? You’re Joking!

Northern Ireland economy

We hear a lot of optimistic individuals in Belfast claiming the  Northern Ireland housing market is “recovering”. Recovering is definitely not the term, improving maybe. Recent figures from Debt Action NI however suggest throughout Northern Ireland there has been a 24% increase since 2013 of borrowers falling into negative equity and mortgage shortfall debt. Mortgage…

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