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Strange situation just before completion- Need advice!
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If the sellere'smortgage lender having been taking legal against the seller to repossess the house then there will be legal costs involved which the lewnder will add to the amount owed. This may mean that it will take longer than normal for the lender to provide a settlement figure to the seller's solicitors.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Sorry Richard - I don't understand the first sentence of your post.
Can you re-phrase it please?0 -
This happened to my parents In law some 60 years ago. All was fine, mortgage company took what they were owed, sale completed - except that the mortgage was in the name of the husband, who failed to tell his wife that the house had been sold. The first she knew was when parents in law turned up with a moving van full of their furniture plus two tinies. Hubby ended up in jail for fraud, but I never found out what happened to the poor wife.0
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Richard was typing too fast. Try:moneyistooshorttomention wrote: »Sorry Richard - I don't understand the first sentence of your post.
Can you re-phrase it please?
"If the seller's mortgage lender has been taking legal action against the seller to repossess the house then there will be legal costs involved which the lender will add to the amount owed. "0 -
G-M was exactly right - typos are frustrating to correct and I don't always have time!RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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