respectableobserver
Registered User
- Messages
- 11
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- negotiations with tenant ( who has already submitted SFS and offer, but no response from bank, as of yet )
Going by the slow rate of repossessions in Ireland, I wouldn't worry too much about time scales. It could take years.
Thanks for the reply. She did not pay the rent to the bank because there was never any rent, the property is so run down its not rentable and never was. I am not sure why she ever bought the property, it was interest only for the first five years and I gather she thought she could flip the property (which she bought in 2006, near the top of the market) after a few years and make a fortune. She has paid interest since but not capital repayments.Something triggered this, did she stop paying the rent over to the bank?
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