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aaaaaarg!
nixinix
Posts: 246 Forumite
:money: Ready to exchange tomorrow on our purchase, reposession, and our sale (FTB) with completion next week and then found out that C&G (mortgagees) are saying the house needs to be advertised again - it has only been advertised once and then had repo notice. This will delay exchange till 15th Sep at earliest. Aaaarg!! Anyone been through this of heard of similar? I understood every day of delays costs more money to the orignal owner so can't believe they are doing this to us, esp as we have already gone past the original 28 day deadline....:mad:
Boo!:rotfl:
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Comments
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They have to be seen to be getting the max they can for the house.
Is the estate agent on your side? Can help in persuading the mortgagees that they shouldn't delay.
The chances of anyone else being in a better position than you by the 15th is limited.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
EA say they have tried but no joy... just really frustrated that it has only been found out at this late stage, esp as someone only went in to check the file last week and found it to be fine....Boo!:rotfl:0
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Just revise your offer downward for exchange later than tomorrow. Say 4%.After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
incisor - I asked what would happen if I threatened to pull out unless we exchanged today and they said they won't not follow their procedure...so can't imagine a lower offer would work either...wish it would though!!Boo!:rotfl:0
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No dont tinker with your offer, for heavens sake.
They will then think they have got more for i and know they are right for remarketing. IS youe EA ale to tell them how many similar props are on the books, how few viewings, etc ??
I would get your sol to see if they can liaise- possibly suggesting you are desperate for completion - do you have to leave your rented accom for example- sol explains youll have no option but to get another rental contract and thus you wont be able to complete, if this doesnt go ahead.
I really feel for you, i hope it all works out.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Thanks lynzpower, I won't mess with my offer. Not leaving rented, we have FTB buying our house and they live with parents. But I do have a 3 year old due to start nursery the week we will now be moving which is obviously not ideal, as I wanted him to know where home was before he started.
Only found this info out late yesterday via estate agents so really hoping sols can do something today..though been told it is unlikely.... keep your fingers crossed for us though. EAs are saying it isn't our fault if we had been asked to advertise it again we would have, I am just so angry that it wasn't picked up sooner.Boo!:rotfl:0 -
Yes standard practice for a repo. Chances are they will even advertise for offers higher than the one you made (usually state clearly your current offer). Legally they have to try and get the best price. Just hang in there DO NOT lower your price or the mortgagee may see you as a time waster and put it straight to auction (Of course it may be cheaper at auction)0
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date now set for 15th....more angry that the EAs/mortgagees hadn't already sorted it...they all deal with repos regularly so they should know about the legal side! Oh well...gives me more time to pack...Boo!:rotfl:0
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Asking doesn't cut it. You just tell them.incisor - I asked what would happen if I threatened to pull out unless we exchanged today and they said they won't not follow their procedure...so can't imagine a lower offer would work either...wish it would though!!
[Of course you take a risk, but I would feel more than a bit peeved to find that I had been taken right to exchange to be potentially gazumped and used as a stool pigeon to set a bench mark for other bidders if I had not been told in the first place].After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
And what is the Mortgagor here? Nothing but a time waster. Mortgagor has no grounds to complain.Yes standard practice for a repo. Chances are they will even advertise for offers higher than the one you made (usually state clearly your current offer). Legally they have to try and get the best price. Just hang in there DO NOT lower your price or the mortgagee may see you as a time waster and put it straight to auction (Of course it may be cheaper at auction)After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0
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