Money Wise
Registered User
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Two years ago my Mortgage was transferred from bank to vulture fund, an interest and portion of capital mortgage with balance of capital being paid at the end of 15 year term. Now a problem as term of mortgage will come to end shortly, I saved considerable amount to cover balance of mortgage but not enough to cover the entire balance, leaving remaining balance of €190,000. Unfortunately the balance today represents the negative equity in the house ( bought the house at top of the market in Celtic tiger era ). I spoke with the fund team, mentioning reduction on balance, how do I handle the situation? I find it hard to get in touch & difficult to negotiate with the fund team. Is it advisable to get professional advisor to negotiate ?
Appreciate any advice,
Thank you
Money Wise
Appreciate any advice,
Thank you
Money Wise