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Not yet. But there will be a High Court hearing within the next 20 - 30 days so there could be a judgement then.
Yes -The secured property in Ireland is in negative equity.
Although my name remained on the deed - Under the divorce agreement years ago- my ex husband took responsibility for this property in Ireland. Because they cannot get hold of him now and it is in arrears they have sent the High Court summons for him and for me to my address here in UK. I have no assets in Ireland but I have my home here in UK. Can they put a charge on my house here?
Present arrears are €40,000. At the time of the lending (2006) the property was valued at €850,000 for development. The mortgage taken out was €500,000. Present value of property - not sure- but due to financial crisis in Ireland may have fallen by as much as 70%. He intends to go bankrupt.
Unfortunately the release option was not available from the bank at time of divorce.
Thank you for your help.
Yes - I could get a valuation. However,I am not in a position to make repayments as I don't have independent income. I am at home with the family - two of whom are disabled. My only asset is my home which is mortgaged and jointly owned with my (new) husband. He makes the mortgage repayments.