Hi all, I emigrated to Canada in 2011 and have a pyrite ridden house at home in NE of approx 100k (without pyrite factor)
Personal and income details
In Canada earning an average wage that keeps us going every week. We cannot save much from my wage. What we do save usually gets spent on getting something fixed or car serviced etc.
Home loan
Lender: KBC
Amount outstanding: 275000
Value of home: 180000
Interest rate: specify whether tracker or SVR or fixed rate.SVR 4.5%
Monthly repayment 1200
Amount in arrears ????
We have been interest only since Jan 2011, although we have not been able to meet the interest only for the past 5 months. rent is only paying 600 p/m
Other savings and investments
N/A
How important is retaining the family home to you?
Which of the following best describes your situation?
I don't care about keeping the family home.
Any other relevant information
We are citizens in this country as my wife is Canadian and have no intention of ever moving back. I have spoken to the bank and they have told me i can sell it but will ahve to pay for the shortfall. They will look for bank statements etc but I would rather not give that to them as I'd prefer if they did not know where i was living etc.
What is your preferred realistic outcome?
I just want to get rid of the house but Im not sure whether to hand back the keys or try to sell. We will struggle to raise the funds for the pyrite test as it will cost approx €3000
Personal and income details
In Canada earning an average wage that keeps us going every week. We cannot save much from my wage. What we do save usually gets spent on getting something fixed or car serviced etc.
Home loan
Lender: KBC
Amount outstanding: 275000
Value of home: 180000
Interest rate: specify whether tracker or SVR or fixed rate.SVR 4.5%
Monthly repayment 1200
Amount in arrears ????
We have been interest only since Jan 2011, although we have not been able to meet the interest only for the past 5 months. rent is only paying 600 p/m
Other savings and investments
N/A
How important is retaining the family home to you?
Which of the following best describes your situation?
I don't care about keeping the family home.
Any other relevant information
We are citizens in this country as my wife is Canadian and have no intention of ever moving back. I have spoken to the bank and they have told me i can sell it but will ahve to pay for the shortfall. They will look for bank statements etc but I would rather not give that to them as I'd prefer if they did not know where i was living etc.
What is your preferred realistic outcome?
I just want to get rid of the house but Im not sure whether to hand back the keys or try to sell. We will struggle to raise the funds for the pyrite test as it will cost approx €3000