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Dodgy dealing from repo company?

2

Comments

  • silvercar
    silvercar Posts: 49,785 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    FloppyG wrote: »
    They pulled the contract from the EA and have relisted with another EA.

    The new asking price is £255K - That's £34K LESS than we were offering.

    Do you still think it makes sense silvercar?

    So now you are drip feeding information.

    Get in touch with the solicitor acting for the lender in repossession and tell them you have made a higher offer and ask what is happening.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • FloppyG
    FloppyG Posts: 9 Forumite
    silvercar wrote: »
    So now you are drip feeding information.

    I'm not dripfeeding... this is the latest news received today. They pulled the contract on Friday and have relisted today with another EA.

    Their solicitor told my solicitor that there are no active offers on the table and that I should make an offer through the agent if I'm interested. It's like we never existed! Don't know whether to go back to the original EA or talk to the new EA or just contact the asset management company directly.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Try to trace the previous owner of the house and let them know how much you offered. The bank has a duty to get as much money as possible, so the previous owner should know how much they are being screwed out of.
    Changing the world, one sarcastic comment at a time.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    FloppyG wrote: »
    I'm not dripfeeding... this is the latest news received today. They pulled the contract on Friday and have relisted today with another EA.

    Their solicitor told my solicitor that there are no active offers on the table and that I should make an offer through the agent if I'm interested. It's like we never existed! Don't know whether to go back to the original EA or talk to the new EA or just contact the asset management company directly.
    Contact all 3?
  • FloppyG
    FloppyG Posts: 9 Forumite
    I called my EA, the one selling my house, and told him what was going on. He took it upon himself to call everyone... the selling EA, the seller's solicitor, my solicitor, the asset management company... and find out what can be done.

    We exchanged on Friday and move in next Wednesday!

    Many thanks Wayne Blackett from Complete Estates in Coventry. Couldn't have done it without you :-)
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    FloppyG wrote: »
    I called my EA, the one selling my house, and told him what was going on. He took it upon himself to call everyone... the selling EA, the seller's solicitor, my solicitor, the asset management company... and find out what can be done.

    We exchanged on Friday and move in next Wednesday!

    Many thanks Wayne Blackett from Complete Estates in Coventry. Couldn't have done it without you :-)
    Never stand in the way of an estate agent and his fees :rotfl:
    Changing the world, one sarcastic comment at a time.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    So you paid them 34k more than they were eventually asking for?
  • FloppyG
    FloppyG Posts: 9 Forumite
    So you paid them 34k more than they were eventually asking for?

    Must seem strange, but yes!

    a) There is no way they would let it go for the 'asking price' it was just a starting price. That has already been proven by the last 3 EAs to market the property.

    b) Eventual sale price was still £60k to £70k below market value based on sale price of similar properties in the area.

    and c) IT'S OURS NOW! Well worth it.

    It was just the whole uncertanity of the buying process that was causing the stress.
  • Sound like thieves.
  • Mercdriver
    Mercdriver Posts: 3,898 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Sound like thieves.

    Still bitter about your lost properties?
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