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Tom B.
Tom B., Barrister & Solicitor
Category: Canada Law
Satisfied Customers: 2263
Experience:  25 years in practice
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I own a property in Ireland which when the market crashed

Customer Question

I own a property in Ireland which when the market crashed lost over 50% of it's value. I am not left owing almost the full value of the mortgage but am in negative equity. I have been trying to maintain payments for the past 6 years however I am trying to make a new life for myself in Canada and can no longer afford to keep the property. I want to walk away from it and hand the keys back to the mortgage company but I am worried that they can come after me here in Canada. Can they? what are my options?
JA: Because real estate law varies from place to place, can you tell me what state this is in?
Customer: it is in Ireland, in Europe
JA: Has anything been filed or reported?
Customer: anything such as?
JA: Anything else you want the lawyer to know before I connect you?
Customer: I negotiated a reduced payment plan with the Mortgage company a few years ago but otherwise all payments have been maintained to date.
Submitted: 1 month ago.
Category: Canada Law
Expert:  Legal Ease replied 1 month ago.

Hello! My name is***** you for your question. I'm reviewing it now, and will post back again shortly.

Expert:  Legal Ease replied 1 month ago.

Are you only asking about the law in Canada?

I can answer about Canada but not about Irish law.

Thanks

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