FlippedOut
Registered User
- Messages
- 47
Good Afternoon,
Okay, in a situation here that is some what of a mess and in need of some advice, and also some direction of who we can speak to.
I'll try and be brief! Last February I moved over to Spain with the company I had been with for 3 years, they wanted to open and new office here in Barcelona as mainland Europe business was doing well. The company is and was small, so there was no relocation package and the move for me and my family was financed by myself. It was a good thing to do for us as Ireland had no prospects and my job was going to give me and the family more time and a better life. Everything went well with the move and we got an apartment here for a year and shipped our stuff over. Kids into Catalan school and all looking rosy.
We rented out our house in Ireland with the view of using the rent to pay the mortgage. Sadly we had problems with flooding and renters could not go in for some time. And it was December until we first got any rent. During this time the company I was working for decided that they didn;t want to have an office here and requested me back to Ireland. This was impossible as I had a lease here for a year, no where to live in Ireland and my wife had given up her company shares and there for no job. We would not have been able to survive and we had no savings for the the shipping and moving costs. The saving went on the move over here!
We are now very settled here and rent out our spare room in our apartment which (With the rent money from Ireland) gives us jus enough to get by on. Of course, the problem is the mortgage and mortage company in Ireland!
So, we have a house in Ireland we do not want, can not afford to pay anything on and that has tenants in there.
Oh, and about 100K in negative equity!
We are hoping that a small business plan I am working on will be able to get us by with out the rental from Ireland. But this will tae a few months to get up an running.
ANy advise on what to do would be greatly appreciated as the nose that is the house in Ireland is hurting.
Thank you in advance,
Okay, in a situation here that is some what of a mess and in need of some advice, and also some direction of who we can speak to.
I'll try and be brief! Last February I moved over to Spain with the company I had been with for 3 years, they wanted to open and new office here in Barcelona as mainland Europe business was doing well. The company is and was small, so there was no relocation package and the move for me and my family was financed by myself. It was a good thing to do for us as Ireland had no prospects and my job was going to give me and the family more time and a better life. Everything went well with the move and we got an apartment here for a year and shipped our stuff over. Kids into Catalan school and all looking rosy.
We rented out our house in Ireland with the view of using the rent to pay the mortgage. Sadly we had problems with flooding and renters could not go in for some time. And it was December until we first got any rent. During this time the company I was working for decided that they didn;t want to have an office here and requested me back to Ireland. This was impossible as I had a lease here for a year, no where to live in Ireland and my wife had given up her company shares and there for no job. We would not have been able to survive and we had no savings for the the shipping and moving costs. The saving went on the move over here!
We are now very settled here and rent out our spare room in our apartment which (With the rent money from Ireland) gives us jus enough to get by on. Of course, the problem is the mortgage and mortage company in Ireland!
So, we have a house in Ireland we do not want, can not afford to pay anything on and that has tenants in there.
Oh, and about 100K in negative equity!
We are hoping that a small business plan I am working on will be able to get us by with out the rental from Ireland. But this will tae a few months to get up an running.
ANy advise on what to do would be greatly appreciated as the nose that is the house in Ireland is hurting.
Thank you in advance,