has this company acted illegally

pararct

maninthestreet wrote: »

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

Why not? Would make it a lot likelier to be a conspiracy to defraud..

OP may not get any reimbursement but may take satisfaction if they have their collars felt..

giddypenguin

susanne2010 wrote: »

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

I hope that this is going to give you a little bit of peace and hopefully a good nights sleep.

maninthestreet

susanne2010 wrote: »

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

So we can assume the signature was not made by you? I wonder if your solicitor has knowledge of this document? On the contract documents you did actually sign, the purchaser was presumably named as the house-buying company???

tyllwyd

All sounds very dodgy - especially the solicitor getting angry when you called him, sounds like he may be panicking! Good luck in getting to the bottom of this.


At least one thing - if you did get caught up in a mortgage fraud, you might have lost a bit of money by selling to this property company but it probably wouldn't be as much as you originally thought, because the dodgy buyer would never have paid the £109K to you.

Trollfever

I think that you need independant legal advice.

Try here:

http://www.communitylegaladvice.org.uk/index.jsp

new_home_owner_3

The thing is no one has anything to gain by fiddling the land registry if all they was doing was buying it from you and then selling it on at a profit, and even if they did it would be totally legal.

Say for instance the estate agent told his mate he could get the house for 70,000 pounds, and then he could sell it on for 109,000 pounds.

It wouldnt be illegal for him or her buying it and selling it on at a profit.

But your house has sold for 109000 pound, it hasnt been sold for 70,000 then done up and sold for 109,00, there is one sale and the one sale registered with the land registry is 109,000

Basically the only reason this would be is to make the bank lend them the total 70,000 they paid you and then they wouldnt have put any money of their own into it.

If there is why didnt they just buy the house from you for 70,000 pounds and then sell it on for what it says on the land registry.

@manonthestreet, ive heard of these bridging loan companies doing these sort of deals and charging 10,000 pound fees for a days work.

new_home_owner_3

I will take a guess now that the valuation, solicitor and mortgage for this property all came from the estate agent, no wonder the solicitor got arsey youve rumbled them.

I hated estate agents before but i hate them even more now, how bent is what they have done beggars belief, they need to be strung up from the nearest lampost.

new_home_owner_3

tyllwyd wrote: »

because the dodgy buyer would never have paid the £109K to you.

i think a lot of you are missing the point theres no way someone has paid 109,000 pound for this property.

it was valued at 940000 and there was no interest, why a few months on it would it go for 109000 pounds?

mynameisdave

new_home_owner wrote: »

i think a lot of you are missing the point theres no way someone has paid 109,000 pound for this property.

it was valued at 940000 and there was no interest, why a few months on it would it go for 109000 pounds?

You have assumed that the 94K valuation is accurate, and that the EA is not complicit in the deception.

Maybe there was interest but the EA didn't forward the interest to the OP.

new_home_owner_3

mynameisdave wrote: »

You have assumed that the 94K valuation is accurate, and that the EA is not complicit in the deception.

Maybe there was interest but the EA didn't forward the interest to the OP.

maybe so, i always fear the worse when i hear stories like this and what you say might have been planned as soon as she came through the estate agents door, i just hope this isnt the case.