Property bought at auction

KRB2725

Why can't you or your fiance get a personal loan for the shortfall?

GDB2222

ILW wrote: »

Or if it was bought at way under what it was worth, bung it in another auction.

There's too little time left to do that.

silvercar

You could try and get into a split profit deal with the builder.

siy1083_2

The builder i am in touch with, he converts pubs into flats, for maximum profits, doing a deal with him ultimately leaves us with the only option of full demolition and rebuilding new homes for sale, and does not go with the plans we had when we first bought the lot.

Maybe i wont have a choice

hazyjo

I don't get why you haven't answered the many 'get a personal loan' comments. Surely you could split this between you and your OH if you couldn't get the full whack yourself?

Jx

siy1083_2

Personal loans take time, which i haven got

hazyjo

I sorted a personal loan once in one lunch hour with NatWest. The money was in my a/c within 24 hours.

Jx

MacMickster

I hope that the OP isn't fishing for an offer of a loan from any of the MSE community. If any of us want to make easy money from good investment opportunities then there are plenty of Nigerian princes ready to oblige.

poppysarah

siy1083 wrote: »

Property has had contracts signed by us on it

Can you complete the contract? Or will you be in breech of it?

siy1083_2

MacMickster wrote: »

I hope that the OP isn't fishing for an offer of a loan from any of the MSE community. If any of us want to make easy money from good investment opportunities then there are plenty of Nigerian princes ready to oblige.

Im not fishing for anything other than advice, i was thinking maybe someone else was in a similar position and had knowledge of a lender that would see each case on its own merits, instead of bieng run by computers that have a set criteria, and throw away deals tha could well be a good way of not only helping a genuine person/family, that can afford/ would pay/ and is trying to beter themselves, rather than leaving them in the lurch by not ticking black and white boxes!

Im sorry, but maybe this country and its lending institutions would not be in the position it is in, if they didnt leave all the decission making up to computers, and idiots who are easily led on.

This country and its lending institutions follow the mathematical protocol of that similar to the Black Swan senario, and maybe now in its present econimical situation it needs to think outside the box.

I find all the digs and critisim by some forum members a little time wasting, i came here looking for sound advice, maybe i did jump the gun a little, but good things sometimes just present themselves, and with too much thought would be let go.

Some may say, hey the contract signing is a bad thing, and that you dont have an asset, just a liability, which at the present shows this, however, liability is easily turned to asset, i know this is too much of a good thing not to let it go, and i know that somewhere out there is a solution, and when that happens to fall my way, hopefully with the help and guidance from MSE, the liability will be a much greater asset than was once sought.