Anyone Dealing with ACC ?

T

TINKY TONK

Registered User
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Hi All

Firstly I am new here and I am looking for some advice.

I own a rental house which is in negative E and has been deemed unsustainable by ACC.
I have a buyer through auctioneer and bank have agreed to sale. No arrangement has been made on the shortfall of 150k.

I am alone, but have 2 teenagers and not in a position to pay this shortfall, they have acknowledged this and asked me to go to family members to see if I can get hand-outs.

I do have my own home but also have a mortgage on this (re mortgaged)

They have now asked me to come back and give them a proposal of an offer .. I just don't know what to do now..I can raise about 3k from family ...I can see that people give lots of information about their circumstances but really at this stage I am trying to figure out the way that ACC behave with shortfalls ..it hasn't been easy getting to this stage

I don't see a lot of information on these forums about ACC ..please advise thanks
 
The shortfall is too large for you to manage and that appears acknowledged by ACC.
Perversely this means they are in more bother than you !

From your short post , co-operate on sale and advise them you do not have other sources to bridge the shortfall and request they, in your circumstances take the sale proceeds as full and final.

@ worst they may get a judgment against you on shortfall (resist that as best you can)
Unless your future circumstances are to vastly improve there is little point in judgment..

ACC are (closing) down and I would hope that they will call it quits.
 
In my case there was Zero point in Judgement (unless they are waiting for me to come into an inheritance) - but the bank went after me like a frenzied dog for the shortfall. (They are not ACC)
 
Lone Star said:
In my case there was Zero point in Judgement (unless they are waiting for me to come into an inheritance) - but the bank went after me like a frenzied dog for the shortfall. (They are not ACC)
Click to expand...

Thanks very much for your posts

Situation is that they have now refused my offer of 3k. I have another meeting coming up ..how do I avoid a judgement on my home ?I certainly have nothing like an inheritance in my future.
Any tips for this upcoming meeting would be really appreciated .

Thanks
 
Tinky Tonk, I just meant in general terms banks profile people and think if there is an opportunity for money to be got from relatives whether living or deceased they factor it in as a possibility.

I'm probably not the best person for you to get advice from..all I know is my own situation...I voluntarily sold (was only 700€ in arrears when instructed to sell my investment house) bank discussions on being realistic and reasonable and writing off part of the outstanding debt all vanished when house was sold-they came looking for All of it, and the next natural step for them was to seek judgement in the High Court. Whatever you do - don't let them break you. But also you have to live a life. I've spent last few weeks up til early hours writing affidavits and driving up and down to Dublin like a yoyo getting advice..I'm exhausted but I'm not giving up. I played fair and then bank did not, my particular case may not be cut and dried yet but I will keep going. My advice to you is to get more advice from someone more knowledgeable here or go and meet someone to discuss. Banks want their money, if they get a judgement they get a certain amount of 'refund' on their tax liability and also their insurance pays out (so I'm told). Good Luck and don't let it break you and have a life in the meantime. Lone Star
 
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