has this company acted illegally

susanne2010

i have just had a very heated conversation with the solicitor, and he said its called back to back selling and there isnt anything i can do about it,but like i told him if he had advised me of this practice then i would not have gone through with the sale, as he has dealt with this company before and he said how was he to know this company had this intention,and as i pointed out that if he had explained it is was a possibility i would not have sold ,i am now going to get in touch with the land registry to see what they think,even if it is all legal i would have thought it was up to the solicitor to furnish me with all these facts before allowing me to sell ,

ILW

Did the Estate Agent introduce the property company to you?

iB1

Quite an old article, but it seems like this is what has happened to you:

http://findarticles.com/p/articles/mi_qn4161/is_20030720/ai_n12870745/

M.Holloway

The conveyancing process has a good breakdown of how it should have gone.

Hard to tell now whether it was illegal or not. I would recommend getting in touch with the regulatory body for the solicitors, either the CLC or the SRA

As a general rule of thumb Estate Agents are not really on your side! So never go with someone/something they suggest.

poppysarah

Back to back sales ?? Wouldn't this show as two transactions?

MobileSaver

susanne2010 wrote: »

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,

How many EA valuations did you get when you put it on the market and what were they? What have similar properties in your area sold for recently?

There are at least two sides to every story so were you duped into selling for less than it was worth or has the new owner paid more than it is worth... ?

maninthestreet

poppysarah wrote: »

Back to back sales ?? Wouldn't this show as two transactions?

That's what I thought - but the LR only shows one transaction.

RAS

susanne2010 wrote: »

i have just had a very heated conversation with the solicitor, and he said its called back to back selling and there isnt anything i can do about it,

How did you come to be using this solicitor?

maninthestreet

RAS wrote: »

How did you come to be using this solicitor?

Good question - let's hope the OP doesn't say they were recommended by either the EA or the house-buying company.

susanne2010

ILW wrote: »

Did the Estate Agent introduce the property company to you?

yes the estate agents did introduce this company to me ,also i have just got off the phone with the land registry and spoke to their legal dept ,and they have a document with my signiture saying i received £109,500 from the chap who now owns the property when i told them i didnt sell to him they were very concerned and will suply me with copies of everything and also a form for them to start an investigation they also said i should get legal advice from a differant solicitor,the solicitor was my unfortunate choice ,and after reading the article from ib1 post you would have thought my solicitor would have had a suspicion of somthing he must know this back to back is ilegal,and did he see this document with my signiture for £109,500