But if you're not in deep trouble, arrears and can afford your mortgage why would you get a writedown?
It may have had to go to court for the bank to be able to get the couple to engage. A lot of these bank cases seem to be because of customers ignoring and refusing to engage.
That's not what I said Bronte. I said the
only way I could Return to Regulated Bank would be IF they gave me a write down which is
not going to happen.
I did offer to buy out the loan from liquidator at approximately 65% of outstanding mortgage at the time (pre arrears this was max Banks would give me due solely to negative equity but nobody would touch me now with arrears on record).
How much to you reckon Mr. Vulture bought for? Oh but that's because I am part of a toxic loan book where getting the max out of me balances somebody who is not paying isn't that how it works?
My issue is whilst Irish Nationwide were a Bank I noticed they put my fixed interest rate up twice. I rang and was returned to my fixed rate. When I came off fixed rate to a SVR I appealed with screen shots of their advertised rates and got a reduction on rates.
INBS was then combined with Anglo, renamed IBRC and subsequently liquidated. I was repeatedly told the interest rates were frozen and yet my rates went up between moratoriums which I can not get answers too.
Subsequently I believe I am being over charged but who do I appeal to? IBRC and their liquidators ignored me. I have ended up in a Vulture fund who are also ignoring me but can get away with it as they are unregulated and not subject, its seems from my point of view of endlessly asking questions, to be under anyone's Consumer Protection remit.
I am the very definition of engaged yet one of the first letters I got from them was you are outside protections of MARP as you are more than three months in arrears and your home liable to repossession. My total arrears to date are less than 2mths payments and I have never failed to pay at least the interest portion so where are they getting that from? Questions ignored.
In addition, my ICB report states I am in arrears with INBS? How can I be paying my mortgage to an entity that no longer exists?
I have made previous Data Access Requests and will be making another. I believe I have been sold to this entity as my papers are not in order and yet the legal advice I can get tells me there is Nothing I can do to force answers from them! I can stop paying the mortgage and let them take me to court where I can ask questions and present Judge with draft for outstanding monies and still end up losing my home!
I thoroughly agree, where appropriate, with repossessions but how can it be right that I am paying my way, at great personal cost, but have no avenues open to me to simply address concerns I have about how my account has been handled by IBRC under control of KPMG and subsequently Mr. Vulture?
Gerry, I have asked Mr. Vulture what is their end game? They bought my home at such a massive discount if they were to repossess or force sale they will make money so it is nothing to them to simply wear me down and bide their time.
I was assured, by phone, when I returned to full Capital and Interest Repayments for 3mths the arrears (which I dispute but that's another story) would be recapitalised - 7mths later they propose to spread it out over 2yrs while another letter says they are charging me daily compound interest. Also, the amount the want over 2 years would be over a thousand euro more than the arrears.
Who cares "I can afford it"
