Search found 25 matches

by Tasmaniandevil
26 Mar 2024 19:16
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Re: the last sentence, have sorted it now - I hadn’t checked the ‘remember me’ button! I received your reply ‘pm received’ but only in my email inbox- I wonder why it’s not come through on the forum as a pm in the usual way?

TD
by Tasmaniandevil
26 Mar 2024 17:35
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hi Nigel, I sent you a pm yesterday- you said that I had paused it (if so not intentionally). Did it come through eventually? Could you let me know how I actually sent a pm - I must be doing something wrong? I sent a few some years ago, perhaps I’ve just forgotten. Also, I keep being logged out & ha...
by Tasmaniandevil
03 Mar 2024 15:06
Forum: Louise Zambartas' Legal Questions
Topic: Statute of Limitation on loan default
Replies: 4
Views: 4830

Re: Statute of Limitation on loan default

Sunlover1972, I would be cautious in assuming 6 years is the limitation period when it comes to property loans/mortgages. 6 years seems to apply to cases involving credit card debt, negligence/personal injury cases etc, but as far as i can see, it’s 12 years for housing loans. Google ‘statute of lim...
by Tasmaniandevil
14 Apr 2023 16:49
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hi, this is primarily for Pantheman. Just reviewed my whole thread and would be grateful if you could clarify this. Pan, on 16 Oct 2017, you stated that I had a 'chance to cut lose' due to my circs & you were wondering why I was concerned about the writ having (possibly ) been sent to my previous ad...
by Tasmaniandevil
18 Aug 2021 18:50
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hi Nigel, I very much hope that things are well with you these days. As per my last posts the Bank obtained a judgement against me in 2015 - nothing further has happened in the interim. Having reviewed all my papers recently, a few thoughts: ( 1 ) Guarantor - Apologies for raising this old chestnut ...
by Tasmaniandevil
13 Apr 2019 14:33
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hi Sam, presumably, you've read my thread in full. Since the judgement was obtained by the bank, I've had no communication from 'anyone'. That's all I can tell you right now.

Good luck,

TD
by Tasmaniandevil
23 Nov 2017 15:07
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Good afternoon Nigel, Reference the judgment that has been obtained against me, I note on the Court paperwork that I am named as Defendant (1) and the Developer as Defendant (2). Would this appear to suggest that the Developer is being pursued by the Bank jointly with myself (ie.due to them acting a...
by Tasmaniandevil
10 Nov 2017 14:48
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hi Nigel, I've now had a response from the Bank's lawyers after I had challenged them over the fact that the Court summons was sent to my previous address, thereby, denying me the opportunity to attend the hearing (I had informed the Bank of my change of address). I had suggested to the lawyers that...
by Tasmaniandevil
19 Oct 2017 13:58
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Thank you for your comments Pan - I do appreciate your input. As regards the developer not being able to find a buyer, I suspect what you said is probably correct. I had the property on with them for approx. 9 years, but hey, I guess they would always push their own properties first.

regards,

TD
by Tasmaniandevil
16 Oct 2017 11:53
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Thank you for your prompt reply Nigel. I don't have a lawyer acting for me, so, that narrows it down to 2 possibilities. If I was a betting man my money would be on 'they've sent it to the wrong address', because the address I lived at when I took out the Loan in 2004, is what's stated on the Court ...
by Tasmaniandevil
14 Oct 2017 13:24
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hello Nigel, I hope you're keeping well these days. There has been a development in my case since we last spoke. Yesterday, I received a letter from a firm of Solicitors in Cyprus, who are acting for the Bank. Here are some of the key extracts: "As you are aware, the Bank commenced legal proceedings...
by Tasmaniandevil
03 Jul 2015 15:02
Forum: General Property Questions
Topic: Odd Loan set-up
Replies: 1
Views: 6875

Odd Loan set-up

Hello Nigel, it's been a while since I've posted - I hope all's well with you. Here's another one for you. I took out a loan for CHF 120,000, in 2006, in order to purchase my apartment, to be repaid over 15 years (180 months). When I reviewed the paperwork many years ago, having become unable to mai...
by Tasmaniandevil
05 Jan 2015 17:06
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Happy New Year Nigel. I would like your opinion on this please. You may recall my case/situation from previous posts. I took the decision to incur no further expense with regard to this disastrous investment; ie £50000 lost is hard to swallow, and any more expenditure is only going to increase that ...
by Tasmaniandevil
11 Dec 2014 16:58
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Hi Nigel, I have just contacted the Developer from whom I purchased my apartment in order to find out what the current state of play is with it, as I haven't heard from them for a very long time. The property has been on the market through them (only) since around 2007 - I find it astonishing that t...
by Tasmaniandevil
06 Dec 2014 17:17
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 42
Views: 101779

Re: Defaulting on a loan

Thank you. Not wishing to submit a lengthy post previously, I didn't go into all the details. I haven't engaged any lawyer to deal with this (more expense which I can't afford), because I don't have any assets here in the UK, or anywhere else for that matter! Seems a strange thing to say, but, with ...