maria l de castro can you please advise me.? ive already wrote a post on here concerning repossesion. ill just remind you, ,, i own a hose outright, no mortgage, two years ago i bought another one with a 100% mortgage, i owe 217000, the house is only now worth about 178000,  im finding it hard to pay the mortgage as it has gone up so much, no one explained to me i was on a three year tier system, so it has gone up evry year, then with  the intrest hike,need i say more?? yes i know ive been a bloody fool but i thought i would be able to rent it out all year......not!!!   i expect there is hundreds in this position and the banks must be quite embarresed about the amount of reposessions. my quetion is, if i sell my home i own outright and send the money back to uk will they chase it up? what would happen if i done a runner? like lots of people i know have,  how can i get out of this?  i never thought i would find myself in this possition at my age, im so upset it has come to this, ive never done anything criminal, but i find the banks here very rude and not at all understanding, what woild happen if i just gave the keys back? can someone legal answer this as ive seen similar quetions on other forums so it must effect a lot of people, thats the only thing that keeps me going, knowing there are others in the same boat

Spam post? If so please click here to report it

Hi Tweety

Gosh, I'm sorry to hear your story. I somehow doubt if Maria will see this as you've just put help for the thread title rather than "Maria, help needed " so why don't you send your questions to her. Here are her details. (Or do a search for maria de castro & PM her).   Good luck.

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

Spam post? If so please click here to report it

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

Spam post? If so please click here to report it