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duty to get highest pricee for repossession??

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Comments

  • ILW
    ILW Posts: 18,333 Forumite
    They can demand a certain level of qualification for dealing with the legalities.

    Do you carry your own liability insurance for example?
  • antrobus
    antrobus Posts: 17,386 Forumite
    If the question is, why won't the Bank deal with me direct, why do they insist on my using a solicitor? Then I'd have thought the answer was money laundering regulations.
  • MobileSaver
    MobileSaver Posts: 4,376 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    j_carnee wrote: »
    what about common law duty to get highest price and make good debt as best can???
    selling to self conveyancer incurs no extra costs.

    The bank is allowed to take into account how long a sale may take to conclude when considering whether to accept an offer or not. The bank, not unreasonably, may be assuming the sale will take much longer with an amateur handling the buyer's legal matters.

    I do not believe you have any case for complaint.
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • j_carnee
    j_carnee Posts: 51 Forumite
    ILW wrote: »
    They can demand a certain level of qualification for dealing with the legalities.

    Do you carry your own liability insurance for example?

    why would a self conveyancing purchaser require insurance against himself.
    seller has no duty to/interest in purchaser......why should competence concern him.....should only be concerned gets best price.
    caveat emptor....clearly not understood by many....
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    j_carnee wrote: »
    selling to self conveyancer incurs no extra costs.

    Lenders also have a duty not to incur unnecessary costs when selling repossessed property. So most likely don't want to take the risk that you could be totally incompetent.
  • j_carnee
    j_carnee Posts: 51 Forumite
    Thrugelmir wrote: »
    Lenders also have a duty not to incur unnecessary costs when selling repossessed property. So most likely don't want to take the risk that you could be totally incompetent.

    have done 6plus times.....if you can show me extra costs....i will definitely take note.
    if incompetent...the risk is WHOLLY with me and of no concern of seller.they get full money before signing over.....where is downside for them???
  • RabbitMad
    RabbitMad Posts: 2,069 Forumite
    j_carnee wrote: »
    only real suggestions yet.....if were free i would.cant locate owner,or would.............is there duty/can it be enforced????

    Why can't you locate former owner - write to them at the address and hope they have forwarded their mail.

    Yes there is a duty, it is for the former owners to enforce
  • j_carnee
    j_carnee Posts: 51 Forumite
    MobileSaver wrote: »
    The bank is allowed to take into account how long a sale may take to conclude when considering whether to accept an offer or not. The bank, not unreasonably, may be assuming the sale will take much longer with an amateur handling the buyer's legal matters.

    I do not believe you have any case for complaint.

    can complete within 24hours!!!
  • j_carnee
    j_carnee Posts: 51 Forumite
    RabbitMad wrote: »
    Why can't you locate former owner - write to them at the address and hope they have forwarded their mail.

    Yes there is a duty, it is for the former owners to enforce

    so they take lower price,dont tell owner,leave him with extra debt...and its ok???!!!
  • picklepick
    picklepick Posts: 4,048 Forumite
    1,000 Posts Combo Breaker
    j_carnee wrote: »
    can complete within 24hours!!!

    Just because you keep saying that you can do that, doesn't mean that the bank has to believe you!
    What matters most is how well you walk through the fire
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