KBC & Debt Forgiveness/Write down

[Wellington]

Looking for information:

Does anyone know if KBC are involved in any type of debt forgiveness or debt write down?

I have a house in negative equity and selling could be an option if there was some debt forgiveness involved.

Thanks

W

 

[Brendan Burgess]

No, they are not doing debt write down.

Are you insolvent? Would a PIA or bankruptcy be a better option?

 

[Wellington]

Hi Brendan

Not insolvent. I own the house with my ex, who's in the house with a lodger, we're currently looking for an interest only period but would consider any options of what our options are for the future.

 

[Brendan Burgess]

Best to post a full case study format in the Issues with Joint Mortgages Forum

 

[Negotiator]

There might be a small deal to be had if you offer a lump sum on the shortfall of the property (assuming there is negative equity).

For example if there is a 50k shortfall and you offer 30k or something to that effect. All depends on your overall situation.

 

[Wellington]

Brendan/Negotiator
Thank you both very much. With regard to the lump sum, unfortunately, it's not an option. :-(

 

[Brendan Burgess]

The OP has asked a factual question.

i have deleted the off-topic rants in response to Negotiator's side remark.

Brendan