A
anon2
Guest
Hi all,
I’m a lurker to AAM but need some advise on my current situation.
Myself and my ex separated some time ago and he moved out of the family home, we have 2 young children. Due to us both becoming unemployed in 2011 he moved back in for (what was supposed to be )a while and he slept in a different bedroom while continuing to see the woman that had resulted in our relationship coming to an end in the first place. We took a moratorium out on the mortgage for 6 months. Later in the year and despite the fact that he secured a job that was paying him in excess of 90k per annum, he refused to move out of the family home, much to mine and his current partners disappointment. In addition he refused to pay towards the mortgage.
In August last year I was subjected to domestic violence by this ‘man’ and was forced to leave the family home, gardai etc involved. I’m renting at the moment with the children. He lost his job again in March and has been unable to secure employment, I have been working and I’m currently on a fixed term contract that has a good chance of becoming a perm role.
At a recent court hearing regarding maintenance for the children he advised that he had x amount of thousands set aside for the bank and was currently in negotiations with the bank.
He contacted me on Friday and advised that the bank had sent a letter demanding the full value of the mortgage is repaid in 28 days. I have said to him and the bank in the past that I would be happy for him to move out of the property and I would move in and pay towards the mortgage what I am currently paying in rent which is €700 per month (I could possibly pay more per month). I contacted the bank today and they advised, as I had suspected, that he was ignoring them and had not entered into negotiations with them despite the fact that he swore under oath in the court that he had.
I asked him to leave the house and I would renegotiate with the bank and start making repayments, he has refused to do this and advised that I should contribute to the mortgage while I’m living and paying rent elsewhere.
I spoke with my solicitor today and he has said that I am better walking away as the house is in negative equity to the tune of €150k approx. I’m not sure I am totally in agreement with my solicitor as the debt will follow me regardless, I’ve have zero credit rating and if we do find ourselves out of this recession I’ll be unable to secure a mortgage again and have nothing to leave my children. The current mortgage is just over €500k and the house is not in Dublin, it’s a 1hr 20 min commute each way to may place of work.
Any advice greatly appreciated
I’m a lurker to AAM but need some advise on my current situation.
Myself and my ex separated some time ago and he moved out of the family home, we have 2 young children. Due to us both becoming unemployed in 2011 he moved back in for (what was supposed to be )a while and he slept in a different bedroom while continuing to see the woman that had resulted in our relationship coming to an end in the first place. We took a moratorium out on the mortgage for 6 months. Later in the year and despite the fact that he secured a job that was paying him in excess of 90k per annum, he refused to move out of the family home, much to mine and his current partners disappointment. In addition he refused to pay towards the mortgage.
In August last year I was subjected to domestic violence by this ‘man’ and was forced to leave the family home, gardai etc involved. I’m renting at the moment with the children. He lost his job again in March and has been unable to secure employment, I have been working and I’m currently on a fixed term contract that has a good chance of becoming a perm role.
At a recent court hearing regarding maintenance for the children he advised that he had x amount of thousands set aside for the bank and was currently in negotiations with the bank.
He contacted me on Friday and advised that the bank had sent a letter demanding the full value of the mortgage is repaid in 28 days. I have said to him and the bank in the past that I would be happy for him to move out of the property and I would move in and pay towards the mortgage what I am currently paying in rent which is €700 per month (I could possibly pay more per month). I contacted the bank today and they advised, as I had suspected, that he was ignoring them and had not entered into negotiations with them despite the fact that he swore under oath in the court that he had.
I asked him to leave the house and I would renegotiate with the bank and start making repayments, he has refused to do this and advised that I should contribute to the mortgage while I’m living and paying rent elsewhere.
I spoke with my solicitor today and he has said that I am better walking away as the house is in negative equity to the tune of €150k approx. I’m not sure I am totally in agreement with my solicitor as the debt will follow me regardless, I’ve have zero credit rating and if we do find ourselves out of this recession I’ll be unable to secure a mortgage again and have nothing to leave my children. The current mortgage is just over €500k and the house is not in Dublin, it’s a 1hr 20 min commute each way to may place of work.
Any advice greatly appreciated
