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unusual Repossesion question.
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interesting thanks.
Would any solicitor be able to do this or does it have to be a specialist?
The point is that the lender has to agree to repossess the property; if he has no interest in doing so there is little you can do to persuade him.I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, 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 -
There is someone with the cash ready to buy but the occupants just wont accept his low offer and he wont go any higher.
If the occupants surrender the property then they will be accepting the low offer! Once they had the keys back to the lender (and the lender accepts them), they have no say in what offer the lender accepts. Whereas the lender has a duty to maximise the price, a court will see clearly that a low offer with a quick completion saves the accumulation of interest on the loan whilst waiting for a potential, and no means guaranteed, higher offer. A bird in the hand...I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, 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 -
Are you the person living in the house, the the bloke that lent the money and has the charge?0
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You can't repossess a property and not own it and you can't sell a property you don't own.
If the lender doesn't want to take the matter to court - you have to wonder why not - then he can't just force the current owner to sell to anyone he chooses for any price he fancies.Opinion, advice and information are different things. Don't be surprised if you receive all 3 in response.
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