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Need a Negative equity solicitor

  • 24-04-2012 3:34pm
    #1
    Karlrove
    Registered Users, Registered Users 2 Posts: 262 ✭✭


    Hi,could anyone recommend a solicitor who specialises or who is very capable at looking at the issue of negative equity+ dealing with banks if you default on mortgage? Any recommendations in dublin appreciated


Comments

  • #2
    Procrastastudy
    Closed Accounts Posts: 6,224 ✭✭✭Procrastastudy


    I'm curious as to what they could do in regards to negative equity - we're all in the same boat there!


  • #3
    Karlrove
    Registered Users, Registered Users 2 Posts: 262 ✭✭Karlrove


    not being able to afford repayments-maybe discuss options. Any solicitors?


  • #4
    Grolschevik
    Registered Users, Registered Users 2 Posts: 3,472 ✭✭✭Grolschevik


    The New Beginnings group might be your thing. Do a quick google.


  • #5
    Procrastastudy
    Closed Accounts Posts: 6,224 ✭✭✭Procrastastudy


    People will PM you if they have any recomendations - I think thats how its done.

    Have you been in contact with your lender? Believe it or not the negative equity is actually helping at the moment as no one wants the property! They would rather try and keep you in it even if it means extending the term etc. You might be able to negoitate this yourself and save yourself a few quid. FLAC may also be of some assistance as would the debt organisation which name escapes me.

    If you're just trying to get out from under negative equity though I don't think you'll have much luck there have been a few discussions on this topic. Im not suggesting for one second that's the case.


  • #6
    blueythebear
    Registered Users, Registered Users 2 Posts: 1,074 ✭✭✭blueythebear


    Karlrove wrote: »
    Hi,could anyone recommend a solicitor who specialises or who is very capable at looking at the issue of negative equity+ dealing with banks if you default on mortgage? Any recommendations in dublin appreciated

    Unfortunately, you would be between a rock and a hard place there as i) if you're in negative equity you've probably got no money to pay a solicitor and ii) it's unlikely that you would have any form of a defence so I don't know if there is any wisdom in getting a solicitor.

    It's pretty clear that the Master of the High Court is not too keen on the Banks seeking Summary judgments so that it's sometimes better for a defendant to appear themselves and play dumb so as to have the matter adjourned...

    However, obviously that's not legal advice and you're best off seeing a solicitor for an opinion on your particular situation. New Beginnings might be your best option or else look for a solicitors firms that do work for the Banks. They would be well placed to defend such proceedings seeing as they would normally be on the other side!


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  • #7
    UDAWINNER
    Registered Users, Registered Users 2 Posts: 860 ✭✭✭UDAWINNER


    Don't be looking for a handout, pay your damn mortgage. A lot of people have to. The idea that you can hire a solicitor but not pay your mortgage.Im sure if prices were rises you'd find a way to pay it.


  • #8
    Karlrove
    Registered Users, Registered Users 2 Posts: 262 ✭✭Karlrove


    mortgage was v tight when i first bought the house in the boom. The mortgage has gone up and my wages have been cut so i had to move out,rent house out and also pay money towards the mortgage...im living with a friend and paying rent. I want to pay my mortgage but cant afford to add to the rent that tenents are paying. would love to get a name of solicitor that could give me some advice, Thanks...


  • #9
    McCrack
    Registered Users, Registered Users 2 Posts: 2,991 ✭✭✭McCrack


    http://www.anthonyjoyce.ie/anthony-joyce-e200000-written-mortgage-couple-cork/


  • #10
    littlemac1980
    Registered Users, Registered Users 2 Posts: 1,073 ✭✭✭littlemac1980


    McCrack wrote: »
    http://www.anthonyjoyce.ie/anthony-joyce-e200000-written-mortgage-couple-cork/

    That's a sensible approach to the problem.


  • #11
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    Karlrove wrote: »
    mortgage was v tight when i first bought the house in the boom. The mortgage has gone up and my wages have been cut so i had to move out,rent house out and also pay money towards the mortgage...im living with a friend and paying rent. I want to pay my mortgage but cant afford to add to the rent that tenents are paying. would love to get a name of solicitor that could give me some advice, Thanks...

    You don't need a solicitor for that. What you need to do is contact the bank and discuss your options. A solicitor will cost you a fortune and won't get them to reduce the negative equity portion of your loan


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  • #12
    Kosseegan
    Banned (with Prison Access) Posts: 987 ✭✭✭Kosseegan


    Wile E. Coyote wrote: »
    You don't need a solicitor for that. What you need to do is contact the bank and discuss your options. A solicitor will cost you a fortune and won't get them to reduce the negative equity portion of your loan

    That is untrue. A lot of people have little or no experience of dealing with banks and don't know what can be done.


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