We were told the same last year and the year before nothing ever gets done.easy to know noone in the dail needs a mortgage or they would be free with every pint in the dail bar

Vaguely true insofar as if you do this a judge will be very reluctant to give any judgement to enforce the original contract. The diagonal writing though?

Dangerous, misleading rubbish.

Please explain why Will.

Happy to oblige, Ryan. Mik’s advice, if followed, will have absolutely no legal effect on one’s obligations and liabilities, and most certainly will not result in “a new legal contract”. Such unilateral action is far more likely to result in services being withdrawn/cut off and debt collection proceedings. Short of bankruptcy, debt restructuring is only possible with the agreement of one’s creditors. Following Mik’s advice is the path to ruin. Negotiate with your creditors, because you can’t dictate to them.

That doesn’t rhyme, Mik

@Mik

Hi Mik

Did you read the book by a man called Darrell O’Dea who challenged the banks on his mortgage and won?
I read it there a few weeks ago. It was poorly written, kind of rush job, but to be fair to the man he pretty much documented his whole experience in great detail.
There’s a great section in the book where he calls out bank of ireland on their fake debt collector and also how he handled extremely aggressive phone calls from bank of ireland’s solictors.

It would give hope to the people who think they have no hope. I’m not yet in that situation, but if my choices were this or repossesion and being chucked out on to the street I would definitely go down the road of challenging the bank. Kenny

@Kenny: my comments above on Mik’s guff are just as applicable to that “book” you mention. Even more so, in fact.

@Will

I also read ‘that book’ and it would be guff only the guy lawfully discharged his mortgage and there’s no police or solicitors chasing after him. He’s living in his house mortgage free at the present. Did you actually read the book or just spewing know it all nonsence?

Exactly kenny it’s a way of keeping your roof over your head but u still owe your debt just extending it over a much longer time
Any roof is better than no roof .

Who do u work for will viper debt collectors lol

@Michael – if you believe that, I have some magic beans to sell you…

@Mik – Any chance you could engage with the substance of my post, rather making daft personal digs?

Commas and full stops are your free. Use them.

Correction fail.

Damn autocorrect.

Paul,step away from the shovel.

Last time I checked auto correct won’t add in words

More Lies form the Irish Banking Federation!
5 years on nothing done for the victims of corrupt/criminal bankers.
The Irish Banking Federation, A Private Members only club for Snout Nosed Champagne Quaffing Schiesters.
You Bust the country you should be in jail!!
Not pretending to assist your victims!!

Yes and that’s the way it should be. Do you want a something for free and get to keep it at a reduced price? Would you offer any free profit of your house if it continued into profit? Would you give back 200,000 to the tax payer if your house was worth more? No you would not! You would probably re mortgage buy a few buy to let apartments and get a couple of new cars and holidays and live it up like a king and treat your tenants like 2nd class citizens caus they wee not clever enough to buy obnoxiously over priced houses in a little dreary island . But when it’s the other way around its everyone else’s fault and I want my Nama and don’t want all the debt anymore !!! Not saying everyone is like this but plenty are.

Sarcasm?

If everything was free,they’d be no need to print money.:-)

Good point Norman. And with the money we saved on not printing money we could have even more free stuff.

You wouldn’t save anything since as you suggested everything is free.But i degress read the article,nowhere does it state debtors will or should walk away from their debts.

Exactly the way it is for all our TDs
Oh wait they get a massive salary and 5m worth of a pension too after 4 years
What’s good for the goose

“Peace of mind” unlike the unlucky ones who did.

Fair enough… As long as my taxes doesn’t have to take up the slack!

Sadly you don’t get to decide where your tax goes and never will.

They don’t they take it up for the banks and now will till you and your next 5-6 generations pay for it

That would be fair if there was not a fundamentally dysfunctional and abusive property market. Thankfully I am not a victim but so many people were so badly scammed.

Principal private residences deserve protection. Buy to lets are different.

Mik, the only thing that’s clear here is that you’re definitely not a solicitor, inventing “old laws” and posting misleading rubbish. You would remain bound by the terms of your original credit agreement no matter what you write diagonally.

Why are there no houses for sale at the moment?Are you confusing asset with a “family home”?

Problem is Sean, the assets are worth a fraction of what they originally where. The majority of borrowers entered contracts in good faith! Banks, builders and estate agents were supposed to be the professionals. The banks were complicit in a lot of bad borrowing yet they get bailed out? and poor auld Joe Soap has to pay the penalty on his own? The government and banking community will continue to divide and conquer unless somebody, everybody stands up and objects!

What else do u want, hard working people who wanted a family, who have found themselves in a difficult situation to be kicked out in the streets, then claim full rent allowance because we’ll have to put them somewhere, then say I don’t know 4-8 years come up and they get the council house which is bought for them by the council €€€. Do u see the dept of your statement. Kicking people out only furthers the problem and quite possibly cost the state much more.