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Re: Hi to everyone, and help please
Another point to make is if lenders have insurance that covers any shortfall in the event of a repossession then surely they are admitting that there is a risk that they may not get all their money back if they have to repossess a house, so why are they so quick to repossess?
Who actually pays the insurance premiums?, Are these premiums tied into the monthly mortgage payments?
Who have Mhall actually bought the debt from, NRock or the insurance company?
If its NRock then why are they allowed to chase you for a debt thats been paid off by the insurance company?
If its the insurance company then they do they actually have any contractual right to chase you for the shortfall they've paid out on if the mortgage company took out the policy?
Some serious clarification is needed on this subject!
Another point to make is if lenders have insurance that covers any shortfall in the event of a repossession then surely they are admitting that there is a risk that they may not get all their money back if they have to repossess a house, so why are they so quick to repossess?
Who actually pays the insurance premiums?, Are these premiums tied into the monthly mortgage payments?
Who have Mhall actually bought the debt from, NRock or the insurance company?
If its NRock then why are they allowed to chase you for a debt thats been paid off by the insurance company?
If its the insurance company then they do they actually have any contractual right to chase you for the shortfall they've paid out on if the mortgage company took out the policy?
Some serious clarification is needed on this subject!
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