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Wish me luck......
- Thread starter LeeH
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- Elgrand
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Good luck. You may need it, just about every meeting I've had at the bank has put me in debt.
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- Elgrand
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It’s been my experience that every customer wearing a ski mask comes out owing the bank
Good luck
Good luck
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Don’t worry about the Ski mask, it’s the fast rising shutters that you need to watch out for…
Good luck.
Good luck.
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Some info for those who are in trouble with paying their mortgage or other loan.
The Bank gives you a loan and registers a "first charge".
Soon after you get the loan the Bank sells a bundle of debts - including yours - to an investment or other company.
(You can check that this has actually happened to your loan.)
Once this has been done the lender should remove the First Charge as they no longer own the loan but there is a 'convention' that they don't do this, so you now have a situation where they no longer own the loan but have not updated who does own the loan and has a Charge - but, demonstrably, it is not them, they have sold and been paid for the debt.
You fall behind with your payments so they send you letters and, eventually, tell you that they are taking the issue to Court to re-possess your house.
You can now argue that they no longer own the debt, no longer have a Charge on the property and, as that they have already been paid for the debt by whoever bought it from them, would be getting paid twice if they took your house and sold it.
You tell the Court that you are willing to pay the true current owners of the debt if the lender will disclose who it is to you and remove their charge.
They won't do this because that loan has been sold on and is now in someone's Offshore Bank account in Belize.
The Bank gives you a loan and registers a "first charge".
Soon after you get the loan the Bank sells a bundle of debts - including yours - to an investment or other company.
(You can check that this has actually happened to your loan.)
Once this has been done the lender should remove the First Charge as they no longer own the loan but there is a 'convention' that they don't do this, so you now have a situation where they no longer own the loan but have not updated who does own the loan and has a Charge - but, demonstrably, it is not them, they have sold and been paid for the debt.
You fall behind with your payments so they send you letters and, eventually, tell you that they are taking the issue to Court to re-possess your house.
You can now argue that they no longer own the debt, no longer have a Charge on the property and, as that they have already been paid for the debt by whoever bought it from them, would be getting paid twice if they took your house and sold it.
You tell the Court that you are willing to pay the true current owners of the debt if the lender will disclose who it is to you and remove their charge.
They won't do this because that loan has been sold on and is now in someone's Offshore Bank account in Belize.