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Bank Mistake..

  • 23-03-2018 9:57am
    #1
    greenshoot83
    Registered Users Posts: 3 ✭


    So last year I sold my property and paid the redemption figure at the time (approx. €150k). Now the bank have come back and said there is an extra 28k owing on the mortgage. This is correct as they made a mistake with the 150k which I realised but said nothing rightly or wrongly at the time.
    The house is now obviously sold but they are still taking the mortgage repayment out of my account each month to cover the 28k. I suppose the bottom line is that I do owe the money but would anyone think that I may have grounds for some sort of reduction or write off as they made the mistake and are taking a mortgage payment for a property I don’t own.


Comments

  • #2
    jimmycrackcorm
    Registered Users, Registered Users 2 Posts: 14,339 ✭✭✭✭jimmycrackcorm


    Do you have any documentation to say that the 150k is a full and final redemption amount?


  • #3
    source
    Registered Users, Registered Users 2 Posts: 5,287 ✭✭✭source


    PaddyCar wrote: »
    Yes I have the statement with the redemption figure on it for 150k

    Does it specifically state that it is a redemption figure?


  • #4
    greenshoot83
    Registered Users Posts: 3 ✭greenshoot83


    Yes i received a redemption statement with the 150k on it and my solicitor paid it in full once i sold the house. It clearly states redemption figure.


  • #5
    jimmycrackcorm
    Registered Users, Registered Users 2 Posts: 14,339 ✭✭✭✭jimmycrackcorm


    Depending on the exact wording and your mortgage contract, you could go back to them and say that it had been finalised with the redemption.

    However they could take legal action if they feel they have enough to warrant it; for that amount it would be likely.

    You'd need legal advice to determine if the documents for redemption sufficiently cover your ability to say that they agreed to finalise on that figure. But there may be something in your mortgage contract that covers mistakes.


  • #6
    testicles
    Closed Accounts Posts: 1,198 ✭✭✭testicles


    This post has been deleted.


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  • #7
    TheShow
    Registered Users, Registered Users 2 Posts: 1,157 ✭✭✭TheShow


    greenshoot83 wrote: »
    Yes i received a redemption statement with the 150k on it and my solicitor paid it in full once i sold the house. It clearly states redemption figure.

    If you have it in writing from the bank that the redemption of the mortgage is €150k and you paid that, then I don't see how you should still be paying.

    I'd be asking them why and talking to my solicitor. technically, due to their error, you don't own any more than the 150k you paid.


  • #8
    greenshoot83
    Registered Users Posts: 3 ✭greenshoot83


    testicles wrote: »
    Are PaddyCar & greenshoot83 the same person?

    Husband and wife. I posted on his tablet by mistake without logging myself in. Sorry for the confusion


  • #9
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


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