Move from hell, purchasers failed to complete HELP!

Davesnave

moneyistooshorttomention wrote: »

Just clarifying = you are actually physically in possession of the house and can get in it and use it can you?

Completion hasn't taken place,. Title says so.

It's not clear which house you mean.

Pixie5740

I think the OP is in the house they were moving from at the moment as their buyer can't complete due to the chump at the bottom who is £17k short and out of the country? Who does that?!! Who goes out of the country when they are supposed to complete when the funds aren't all available? What a fud.

OP it won't be half as bad as you're imagining it is right now. Moving home is stressful enough without the added challenges of not being able to complete due to others in the chain. At the very least you have a roof over your head right now. Take some deep breaths and I'm sure your solicitor can start sorting things out on Monday.

moneyistooshorttomention

Personally (and that's just me I know...) but I would be looking forward to all "injured parties" visiting Duffhead together once this saga is sorted out and making it very plain that his being such a duffhead had ensured 3 separate households AND anyone else who was going to use those removal vans over the weekend AND AND AND had all suffered disruption to their lives because of one silly little person, ie Duffhead and walk out Duffheads door at the end of it with him being under no illusions whatsoever about the extent of the trouble he had caused with his inefficiency.

But that's me and I would be cheering myself up visibly at the thought of his face when all 3 other parties concerned turned up on his doorstep to make it plain just what he'd done - once this is all sorted out.

cloo

So sorry to hear this, what a nightmare, but I am sure there is no reason for the consequences to fall on you; this is all on the hands of the guy at the bottom of the chain, he has to cough up. Good luck with sorting it out.

AdrianC

Just to clarify - everybody HAS exchanged, yes? It's not one of those "All exchange and complete simultaneously" chains...?

If so, then the person who c*cked it up is contractually obliged to go ahead with their purchase. But it has to get legal in order to do anything more than the easy option, which is everybody loses their deposits. IF it does get legal, then it's far from unlikely that they won't be able to afford to pay everybody's costs (including legal fees) - so they go bankrupt.

Worrying about trivia like TV and broadband is pointless. Forget them. I know you're half way through your weekend now, but I hope you did the sensible thing and just jumped into your car to go and see friends for a couple of days to take your mind off it all.

Megamonty

Yeah our buyers went into a bed and breakfast but we have cats so were unable to do so as their jabs are not up to date so they could not go into a cattery, hence why we were back at our original house. We completed on a Friday even though we wanted the Wednesday/Thursday last week this was because all the local removal companies were booked due to all the hang over moves that did not complete before Christmas first week back in new year. We have had to buy some basics that we will need to try and claim for, feeling a bit better about things today although really can't believe how irresponsible the people at the bottom of the chain are. If they had problems they should have let people know, and why did their solicitors not chase them sooner for the money? ours wanted the balance in days before completion.

F_Bear

while i feel for the hassle your suffering its somewhat of a first world problem. you'll still have your house and all will be ok soon.

thinking outside the box, for the sake of £17k, considering your buying a house for a million quid, id have been tempted to pay the 17k yourself and then just ask the people for it back once all is completed.

if they give you it then thats great and even if they didnt at less than 2% of the value of your house purchase how much would you pay to not feel like you are?

moneyistooshorttomention

So you are in your new house (as you have completed)?

and your buyer is in your old house (as they have completed)?

Or...was your buyer the Duffhead at the "beginning of the queue"?

Davesnave

moneyistooshorttomention wrote: »

So you are in your new house (as you have completed)??

I refer the honourable lady to my earlier post.

Mgman1965

Exactly the same happened to us last time we moved. There was four in our chain and we were at the top buying a vacant property.

When our chain collapsed at around 5pm Friday (when our EA phoned and told us money's hadn't been transferred and solicitors were now shut for the weekend) our buyers went into meltdown as they sat outside our house with their removal van. As with you, it was number 1 in the chain and it collapsed from the bottom up to the top.

Our brilliant EA suggested at least us and our buyers still move under licence which we (via our conveyencer) agreed to do. Unfortunately our vendors refused as they said their solicitor advised against it.

This left us with no option but to stay in our old house and tell our now devastated buyers they could now not move into our house as we needed it still. To then make matters worse our removal men who had been sitting outside our new house all day told us they could not store our possessions over the weekend or move us on Monday as they were fully booked so then had to come back andempty their lorry back into our old house (they were thrilled at that). Our buyers (he was very angry and she was in tears, not at us though I add) had to do the same.

Luckily we did complete and move on the Monday but for us it meant us hiring a 7.5 ton lorry (that was a driving learning curve never having driven anything bigger than a small car) rallying friends and relatives, and moving ourselves, as no firm I could get hold of on Saturday could move us on the Monday.

Like said we had to recover costs from those down the chain. The house we were buying was vacant so our sellers apart from being inconvenienced and not very helpful lost no money. We had to pay our removal firm and claim off our buyers who did the same to theirs and so forth down the chain.

It was very traumatic and emotional and I have every sympathy for the OP, I feel their pain.