If i remortgage my house for more than its worth, and after exit the country next to the money, will they find me
Answers:
Yes. If a debt is over lb500 then it is feasible to chase someone overseas.
I dont know if anyone would tolerate you re-mortgage your house for more than its worth either!
Dunno contact me if you get away next to it. Source(s): C I D
yes, but if you go to spain or brazil, you'll probably get away near it
No. But do keep contained by touch.
only if you stay on this planet!
(how do you plan to take the money? If you are search and are carrying more than $10,000, you will be arrested as a terror suspect, and get a free time off at Guantanomo!)
Why not just pay the debt you owe?
LOL, nice try, i doubt any lender is going to over evaluate your property and extend you a loan, but if you can find one that will, Split ASAP! they are deffinately too stupid to find you. Good Luck
I tried that and they never forget. In the end they sent a cybanetic life form pay for from the future to hunt me down like a rainy dog. He persued me cross country leaving a trial of destruction and death at the rear him. In the end he cornered me in factory where on earth, handily, they had left a full-size vat of molten metal on over night. After a long struggle I untied his shoe laces, he tripped over them and he fell into the said vat. I contemplate its safe to do it now as they'd never distribute another one of those things back
You will have difficulty remortgaging a house for more than its worth as remortgages do not go to 100% permit alone over that, what you are asking is can you commit fraud and get away with it, try it and see. moral luck Source(s): MORTGAGE CONSULTANT
finding you is one item.... collecting the money is another.... If you leave the country and don't tell anyone where on earth you're going and don't leave a paper trail (hard to do) you can pretty much disappear from the creditor.
ive thought of that too but i dont construe they would find you if you can be bankrupt for 12 years, not sure but go for it , bank charge enough aas it is and good luck
A friend of mine did something similar only on credit cards and then go back packing for 5 years, came home and 'voila'. All debt gone.
Agree next to the other answer in that you wont get a mortgage for more than your house is worth! Maybe possibly one of those loans when you are doing up a dump of a house, but thats within phases.
I think you gotta ask the question as contained by 'Why would you want to do this for a few grand and will it be worth it!'. Why dont you save up instead!!?
No mortgage company is going to allow you to borrow more than your house is worth as a consequence you're onto a loser here!
Perhaps you could do the same as the rest of us in the uk, work work work and pick up save save so you can make tracks the rotten place lol
Apparently if you leave the country for 7 years they will have delete the debt by the time you return.
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