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MSE News: 'Quick house sale' firms face OFT probe
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Former_MSE_Helen
Posts: 2,382 Forumite
"The OFT is to review the 'quick house sale' market, amid fears that desperate home owners are losing large sums of cash..."
Read the full story:
'Quick house sale' firms face OFT probe
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'Quick house sale' firms face OFT probe
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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I don't see the problem here?0
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I don't see the problem here?
Just for your benefit then :A:
"Practices the OFT says would give rise to concern include:- Unclear fee structures, for example, imposing unexpected fees after the initial valuation.
- Lowering the price once someone is financially committed to the transaction.
- Misleading the homeowner about the value of the property or the level of discount to be applied to the sale.
- Companies falsely claiming to pay in cash.
- Inducing consumers to enter into agreements that prevent them from selling to other buyers, with severe penalties for breach of contract. "
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You don't want Euthanasia.
The pain can't be that bad.
Wait for a better price, you don't need the money that bad.
In OFT's fantasy world, you can borrow money from banks, and you have parents with spare cash that they don't need for retirement.
Don't worry, be Happy.0 -
This is long overdue, these parasites leech off of those who can least afford itBlessed are the cracked for they are the ones that let in the light
C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
Not Buying it 2015!0
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