Hi all, I've searched the posts on here and in the other parts of the forum and haven't been able to find one about this topic. Just wondering if I voluntarily surrender my house will there still be legal costs for me?
I saw on one letter a cost of €8500 quoted for a non contested repossession.
Surely it depends on what You are doing. If you are posting back the keys and doing a bankruptcy then there are just the costs of a bankruptcy. If you are emigrating to Australia how will they find you???? If you are just staying here and renting then you need a plan, but surely posting back your keys is part of a bigger plan in the fist place.
Technically yes! However in your case you would surely be better off advising the Bank that you will be fully co-operative with any re-posession of the property. In such a scenario, while a court case would be necessary, any resultant costs for the Bank would be only chargeable on your husband as you will be voluntarily surrendering your interest in the property.
They would just add the costs to the shortfall.
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