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Mortgage problems

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  • 08-12-2013 10:25pm
    #1
    Jenny Jane
    Registered Users Posts: 5 ✭


    Hi we are now unemployed and unable to pay our mortgage. Can any one give us advice on what to do? It was a mortgage we should never have being granted. I have heard recently people are now taking banks to court for mis selling a product? Can anyone help me. Thank you


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    #2
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,687 Mod ✭✭✭✭Stheno


    Talk to MABS and your bank?


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    #3
    garhjw
    Closed Accounts Posts: 1,424 ✭✭✭garhjw


    Why should it not have been granted to you?

    Sorry to hear you lost your job


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    #4
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    Jenny Jane wrote: »
    Hi we are now unemployed and unable to pay our mortgage. Can any one give us advice on what to do? It was a mortgage we should never have being granted. I have heard recently people are now taking banks to court for mis selling a product? Can anyone help me. Thank you

    Contact your bank and MABs to discuss debt management.

    If the mortgage was granted then you would have met the criteria at the time of application. Hindsight is a fabulous thing but it doesn't really allow you to walk away from your obligations.


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    #5
    Aka Ishur
    Registered Users Posts: 740 ✭✭✭Aka Ishur


    If it so obvious it should never have been granted why did you take it?


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    #6
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    Jenny Jane wrote: »
    It was a mortgage we should never have being granted.


    well then you were very stupid applying for it in the first place. Hindsight is 20/20 you are still libel for the debt.


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    #7
    NIMAN
    Registered Users Posts: 33,600 ✭✭✭✭NIMAN


    There was a lot of invented figures when people were applying for mortgages back in the boom, and a lot of people getting a level of loan they should never have, as you say you were.

    There was definitely reckless lending by the banks, but unfortunately you signed on the dotted line to take on this debt and its yours. Not heard anything about banks being sued for reckless lending to be honest.

    Best thing you can do as others have said is talk to your bank and MABS and try to work something out. You may get a debt reduction over time but if it is a worst case scenario then you may have to look at the recent personal insolvency legislation.

    Goood luck with whatever route you take.


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    #8
    Jenny Jane
    Registered Users Posts: 5 ✭Jenny Jane


    Reckless bankers


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    #9
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    Jenny Jane wrote: »
    Reckless bankers

    ....not to mention reckless customers.


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    #10
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Jenny Jane wrote: »
    Reckless bankers

    Your opening post is way to vague for anyone to give constructive feedback upon. If this is the extent of the further information you're going to give to assist folks trying to help you, then 1) you're not going to get an awful lot of help and 2) the thread will soon be closed.


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    #11
    Jenny Jane
    Registered Users Posts: 5 ✭Jenny Jane


    Just found out we can take action against bank for granting Mortgage thank god. We were not cause of the crash of the tiger.


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    #12
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    Jenny Jane wrote: »
    Just found out we can take action against bank for granting Mortgage thank god. We were not cause of the crash of the tiger.

    On what grounds are you suing the bank?


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    #13
    Jenny Jane
    Registered Users Posts: 5 ✭Jenny Jane


    Thanks Yes just found out we can take action against the bank.


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    #14
    Jenny Jane
    Registered Users Posts: 5 ✭Jenny Jane


    Well they are the ones with all the accountants behind them. We didnt cause fall economy. Thanks we are getting sorted now. Bye


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    #15
    [Deleted User]
    Posts: 8,016 ✭✭✭ [Deleted User]


    Do let us know how you get on.


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    #16
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    Jenny Jane wrote: »
    Well they are the ones with all the accountants behind them. We didnt cause fall economy. Thanks we are getting sorted now. Bye

    That isn't grounds to sue!


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    #17
    Itsdacraic
    Registered Users Posts: 2,361 ✭✭✭Itsdacraic


    Glad you got that sorted


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    #18
    techdiver
    Registered Users Posts: 3,176 ✭✭✭techdiver


    Jenny Jane wrote: »
    Well they are the ones with all the accountants behind them. We didnt cause fall economy. Thanks we are getting sorted now. Bye

    Wow!

    I think you will be very disappointed with the end result of "taking action" against the bank. It's is great to see the victim mentality of the Irish is still flourishing away.

    An few honest questions OP:

    1. Did you even stop to think before taking out the mortgage?
    2. Did you honestly represent your financial situation when applying?
    3. Did you account for contingency if your financial situation changed for the worse?
    These questions will all be asked of you. You were not forced to accept the loan, thus you have no case.

    [Tongue-in-cheek]Of course on the plus side this being Ireland, you will be allowed live in your house indefinitely without paying[/Tongue-in-cheek]

    Amusing...


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    #19
    NIMAN
    Registered Users Posts: 33,600 ✭✭✭✭NIMAN


    Jenny Jane wrote: »
    Well they are the ones with all the accountants behind them. We didnt cause fall economy. Thanks we are getting sorted now. Bye

    This all sounds a little easy, I would say there might be about 50,000 people out there who would like to know how you can sue the banks.


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    #20
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    either the OP is a troll whos failing badly or is frighteningly clueless. Mind you at least somebody in the bank will get a good laugh at their attempt to sue. Its hard to have any sympathy for somebody like the OP when they don't have the maturity to even realize they are the cause of their own problems.


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    #21
    NIMAN
    Registered Users Posts: 33,600 ✭✭✭✭NIMAN


    .. shoulda called Da LiveLine !


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    #22
    GHOST MGG
    Registered Users Posts: 940 ✭✭✭GHOST MGG


    come back and give us a good laugh op after you have "sued" the bank.....
    im sure 100% of people in mortgage arrears would say exactly the same thing,and i havent yet seen a stampede to sue every bank.


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    #23
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    OK then..


This discussion has been closed.
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