Repossession 8 Years old Barcalys sends Court claim : LUSENET : Repossession : One Thread

Barclays Mortgage Direct is on our back after 8 years. It is now 6 years since our flat has been sold for 60% of its value. They are demanding 43.000 including MIG and interest of 8% pa , but when I phoned them last week they told me that the shortfull is 28.000 and they have a target of recovering only 12.500, but would consider less due to my financial circumstanses and age of the case. I'm not sure if they are just trying to get the first part and then later demand MIG and interest. We're about to make them an offer of 3000 for a final setlement. Any advise would be appreciated, few layers at CIBs and others could not give us a complete advice. regards

-- Goran Mihajlovic (, February 03, 2002

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