has this company acted illegally

susanne2010

my house was valued in 2009 at£94,950,but with the ressession not many veiwings,then this feb e/agents said a property company wanted to buy it,they offered £71,500,e/agents advised me to accept due to the economy,i wasnt too keen but reluctantly accepted their offer,sale went through 11/05/2010,then yesterday i got an email from mouseprice with updated land registry sales,only to see that my house on the land registry was sold on 11/05/2010 for £109,500!! so it looks like this company acted like a go between without my knowlege,and pocketed £39,000!!!!.:mad: i feel physically sick and cant sleep, thats why im posting this thread at 5am today,i wouldnt feel so bad if they had bought it and then sold it for profit, but i feel so ill and foolish and cheated ,the land registry only shows one sale of my house for £109,500,when it should have been the £71,500 they paid me surely this cant be legal, please anyone advise desperatly needed:mad::(:mad:before i totally lose my mind!!

pawpurrs

Sorry to hear this, thats a lot of money to have lost, thats even over the asking price.
Was the property empty, and where the buyers showing people around, and getting another sale, did the sale take some time to go though?

princeofpounds

Tough one. I think you need to look at legal advice. The problem is that nobody forced you into the sale at the price you were offered. I suspect that if there is any wrong-doing here then a lot will hinge on whether they obtained the money by deception.

tyllwyd

I'd be inclined to start by talking to the solicitors who dealt with your house sale and see if they thought there was anything dodgy about the situation.

clutton_2

i would first of all check up on the government landregistry website to see if a clerical error has been made by mouseprice - they are not the most reliable of websites......

silvercar

I agree with Clutton, download your deeds from the Land Registry site for £4. That will tell you exactly what was paid.

If the higher price was paid then contact the solicitor that acted for you in the sale. Tell him what you have found on the deeds and ask his opinion. At the very least he will know if the contract was assignable (ie your buyers could sell on the contract to someone else without completing themselves).

new_home_owner_3

ive heard of this happening what happens is people will buy through a bridging loan company.

new_home_owner_3

i think people should really be carefull when these people offer low prices for your houses.

tyllwyd

The more I think about it, the more I think you should definitely speak to your solicitor about it - if there is any chance that the solicitor could have been involved in a transaction that involved money laundering or mortgage fraud, and they should have realised and informed the authorities, they could be in big trouble.

The advice for solicitors is here
http://www.lawsociety.org.uk/productsandservices/practicenotes/mortgagefraud/2607.article#mf1_2

new_home_owner_3

tyllwyd wrote: »

The more I think about it, the more I think you should definitely speak to your solicitor about it - if there is any chance that the solicitor could have been involved in a transaction that involved money laundering or mortgage fraud, and they should have realised and informed the authorities, they could be in big trouble.

The advice for solicitors is here

poppysarah

I'd ask the solicitor where the rest of the money is - nicely of course! It might be an error - but the EA suggested your selling price was fine...