Mortgage Default with Barclays Paris

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Mortgage Default with Barclays Paris

Hi everyone - after 12 years of paying for this ridiculous investment, I am now unable to pay the costly rent or yearly taxes anymore.  I've been to a lot of trouble to find a buyer, and Sextant properties found interested parties three times but each time fell through, the last time being because apparantley the property management company has the right to buy the appartment which cancelled the last contract I had three months ago however the property managment company have failed to follow through with their decision to buy my appartment!

So my question is - has anyone defaulted with Barclays Paris and what can I expect?  I have about 40 000 Euros left on the mortgage.  Also I live in Canada now, will I be pursued here?

I have no assets except my car!

Thanks

 

Hi Sallyanne,

I cannot answer your direcct question about Barclays but am a little confused about what you say regarding the mangement co.

If your sales fell through because the management co had a 'right to buy' but as you say the management co have now cancelled the contract then why post cancellation are you not free to sell it?  If they had a right to buy then did not this right cease to exist on cancellation?

Regards

Iain

Hi Sallyanne,

I cannot answer your direcct question about Barclays but am a little confused about what you say regarding the mangement co.

If your sales fell through because the management co had a 'right to buy' but as you say the management co have now cancelled the contract then why post cancellation are you not free to sell it?  If they had a right to buy then did not this right cease to exist on cancellation?

Regards

Iain

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