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October 4 2022 5.29am

London, UK & World House-Prices

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View cryrst's Profile cryrst Flag The garden of England 28 Sep 22 9.44pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by PalazioVecchio

the levels of indifference to this topic, on here, is quite surprising.....

This next crash is going to hurt. Especially in any big wealthy cities.

[Link]

11 years and a day is how long they can chase you for a debt on a repossession.
I waited 11 years and 3 months and got another mortgage after a repo on a flat with negative equity. Only because I read an article that a couple who got back flush after a repo and negative equity and 8 years later the bank they owed money to tracked them down. Forced them to sell up and pay what they owed, with interest. A piece in the article said although the repo is gone after 6 years (as a debt) the owed money hasnít.
The debt dies in 11 years. Interesting eh ? It may have changed but small print can be invaluable! Maybe the internet had a bearing on them being found, user beware I reckon as we know we are being watched!

 

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