Hi I'm new to the forum but not to the albatross which is French style lease back!
Having got to the point that I and for that matter no one else at Belleme were being paid any rent I found i was unable to honour my mortgage commitments to MICOS bank.
I took legal advice and felt that a Strategic Default was my only option, whereby I stopped paying the bank and the Syndic. This was back in July 2016. It's been tortuous to say the least. Attempts were made to sell privately (at a hugely reduced price to the purchase price) but to no avail - even though i had managed to free myself from the Lease which is another long story. And there was a little futile negotiation, with the only beneficiary being my Solicitor.
In July of this year I received notification that the procedure will be pursued as a Forced Sale through the French Courts but have heard nothing since.I do believe however the Court has up to 4 months to consider options. So there's time yet. Obviously the solicitor couldn't guarantee I wouldn't be pursued through the British Courts for what will be a massive shortfall. He did however suggest that in his experience he hadn't come across any such attempt by any bank to seek recourse.
Is there anyone out there going through or gone through a similar experience.If so perhaps we could share notes.