Hello All,
I posted a year and a half ago here:
http://www.askaboutmoney.com/showthread.php?t=176941&highlight=steve119
We left Ireland a year ago and as you can read in the thread we were unable to resolve our negative equity, despite offering every scenario we could afford.
Now a year later, after a load of foot dragging from the bank and email only communication they sent us a letter to say they would consider appointing a receiver if they didn't hear from us in 10 days.
We did not provide our address in the U.S yet they still somehow found us. (One of us is US citizen, one Irish but US resident)
Our financial situation has improved as a result of being abroad although nothing significant (no real savings still). We did buy a house abroad although it was a very small deposit due to our finances upon leaving Ireland.
There is now NO way we will be returning to Ireland except for an occasional visit maybe once a year.
So I have the following questions as I only see older threads on the subject:
1.) What is the likely impact on our life here now that they have our relocated address?
2.) Will they make any effort to lodge any claim in the U.S.?
I'm still open to cutting a deal although with all they have put us through and the charges racking up, I can't see how we could pay them in full anymore even if over 30 years! We have more disposable income than when we lived in Ireland (which was a negative amount
) but still very little.
Property prices where we owned are still falling even with the upturn elsewhere so the house we paid 290K for is probably around 100-130,000 at this point (Was 450K at the peak if i remember right).
Our negative equity is probably around 100K at this point (if they could actually sell it), 14K arrears and they have stated the receiver STARTS at 3,500.
I posted a year and a half ago here:
http://www.askaboutmoney.com/showthread.php?t=176941&highlight=steve119
We left Ireland a year ago and as you can read in the thread we were unable to resolve our negative equity, despite offering every scenario we could afford.
Now a year later, after a load of foot dragging from the bank and email only communication they sent us a letter to say they would consider appointing a receiver if they didn't hear from us in 10 days.
We did not provide our address in the U.S yet they still somehow found us. (One of us is US citizen, one Irish but US resident)
Our financial situation has improved as a result of being abroad although nothing significant (no real savings still). We did buy a house abroad although it was a very small deposit due to our finances upon leaving Ireland.
There is now NO way we will be returning to Ireland except for an occasional visit maybe once a year.
So I have the following questions as I only see older threads on the subject:
1.) What is the likely impact on our life here now that they have our relocated address?
2.) Will they make any effort to lodge any claim in the U.S.?
I'm still open to cutting a deal although with all they have put us through and the charges racking up, I can't see how we could pay them in full anymore even if over 30 years! We have more disposable income than when we lived in Ireland (which was a negative amount
) but still very little.Property prices where we owned are still falling even with the upturn elsewhere so the house we paid 290K for is probably around 100-130,000 at this point (Was 450K at the peak if i remember right).
Our negative equity is probably around 100K at this point (if they could actually sell it), 14K arrears and they have stated the receiver STARTS at 3,500.