MONEY MORAL DILEMMA: Would you buy your neighbours’ repossessed house?

roseygrech

You only know them by sight - they are not best buddies, and it's a property after all it's not as if you are picking up the husband/wife!

It's a bargain, it's what you want/need, you can afford it (can't you?) so go for it.

IanatSeaton

Absolutely agree with all of the above comments. The house is not being stolen from the people but put on the open market by the building society/bank. If it is not sold the people will be worse off as they will still have to pay the shortfall of. If I buy it I will have to be the highest bidder, meaning I am paying more than anyone else was prepared to pay. So it's a no brainer really. If I don't grab it now I will always regret missing the opportunity.:beer:

Mother_Red

Yes I would. It's not as if its my best friend. If I don't buy it somebody else will. I might as well get the benefit.

ROBERTWBOATH

YES whats the problem:rolleyes:

sharronsharron

Yes with no probs!!

blobblob_2

I say go for it. unfortunate as it may be, someone else willbenefit from someones loss. Sad but true

Family_Saver

It's for sale, they have no choice and they are not 'friends and family'. Go for it.

Taffybiker

nellykim wrote: »

If I were really super dooper rich, yes I would buy it and give it back to them.

It doesn't sound to me like you are much of a moneysaver...but I would love to be your neighbour!:D

lincolnjean

Yeah why not someone gotta buy it may as well be me!

stephb34

diamonds wrote: »

Why blame the other party & name call ? its him thats done the deed regardless - paying his half for house & child can be done through court, why go to the extreme of selling ? If he is refusing to pay its a criminal act not to abide by civil court order, her lawyer should telling his so....further non compliance will result in contacting the police to have him arrested for
" contempt of court "....im sure one little letter stating that will make him realise the situation - he could lose his new partner, job & liberty , if she instructs lawyer to do so HE has to. cost of 1 letter may resolve the whole thing .

Thanks for your reply, there are a few problems with this He is a compulsive liar and his new woman has no idea what is going on, unfortunately when the s*** hits the fan it will be messy. He has no lawyer so my friends lawyer is struggling to get him to reply to her or fill any forms in. You know the saying "getting blood out of a stone" the girlfriend has money he has none so if my friend doesnt get his half of the mortgage money each month to pay the mortgage company the house will be repossed anyway. Basically he thinks selling the house will make him at least £10000 and clear all his debts but he doesnt realise how long the house could take to sell as its a buyers market and is likely of being repossessed as soon as 3 months.
Thank you to everyone else for your private messages of advice my friend is ringing a legal aid solicitor today to see how she can proceed with that, hopefully she can get him back in court, they will tell him pay up or prison and he will actually realise he has legal obligations to his son.