Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

in­vested in a French sale-and-lease­back scheme about 10 years ago. It has been a night­mare. Man­age­ment fees have been dou­bled. Ren­tal in­come (which I had been re­ly­ing on to re­pay the mort­gage on the prop­erty) is be­ing with­held. The prop­erty won’t sell. I took out a mort­gage with a French bank to fi­nance this in­vest­ment and am con­sid­er­ing de­fault­ing on the mort­gage now be­cause it is such a fi­nan­cial strug­gle to meet the re­pay­ments. If I stop re­pay­ing my French mort­gage, what could hap­pen? Is it worth me ap­proach­ing the French bank and com­ing to a deal where ei­ther some of the debt is for­given or the term of the loan is ex­tended? Or is there an­other so­lu­tion here? Cathal, Co Dublin YOU are in a sim­i­lar po­si­tion to hun­dreds of other Ir­ish peo­ple who par­tic­i­pated in such schemes. Many in­vestors were lured by the prom­ise of a

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