Hi Everyone, im sorry to post this again.. I have read through a few previous threads but i just wanted to ask a few more questions.. I know some people will get angry about this thread so apoligies in advance.. Just genuinley looking for advice.
We have a 3 bed house.. Bought 2007 for 260K and now its worth €115.. Like alot of other houses, the price has dropped significantly.. Im Australian and have always had the intention of returning home which myself and Irish husband are in August.. We've tried to ride it out.. When recession first hit, it was wait another year, and then another year... But thats just made it worse... Ive tried looking into renting but my mortgage is €1100 and i would only get €750-€800 a month renting.. I would simply not be able to meet the rest of the payment from overseas.. Ive looked int the RAS scheme but they dont need anymore houses in my area.. I dont know what else to... If we just walk away, will they chase us over there? Im sure they will know where we are as I am listed as being Australian and born there? Could they make us come back to Ireland? Has anyone on this site every actually done it? I know is morally wrong... But i think peopole have suffered enough in the country for long enough.. Banks gets bailed out and all that but not your average Joe? I would really like to hear your thoughts on all this... thanks and sorry in advance...
We have a 3 bed house.. Bought 2007 for 260K and now its worth €115.. Like alot of other houses, the price has dropped significantly.. Im Australian and have always had the intention of returning home which myself and Irish husband are in August.. We've tried to ride it out.. When recession first hit, it was wait another year, and then another year... But thats just made it worse... Ive tried looking into renting but my mortgage is €1100 and i would only get €750-€800 a month renting.. I would simply not be able to meet the rest of the payment from overseas.. Ive looked int the RAS scheme but they dont need anymore houses in my area.. I dont know what else to... If we just walk away, will they chase us over there? Im sure they will know where we are as I am listed as being Australian and born there? Could they make us come back to Ireland? Has anyone on this site every actually done it? I know is morally wrong... But i think peopole have suffered enough in the country for long enough.. Banks gets bailed out and all that but not your average Joe? I would really like to hear your thoughts on all this... thanks and sorry in advance...