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Advice - Newbie

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  • marliepanda
    marliepanda Posts: 7,186 Forumite
    What is in it for the investment co to give you a better deal than you'll get on the open market? What are they going to do with it that will bring them a profit when they resell?

    I'm with marliepanda on this, if it's too good to be true ...

    Step 1: Buy houses at (more than)market value
    Step 2: ???
    Step 3: Profit
  • Phyzelda
    Phyzelda Posts: 630 Forumite
    Part of the Furniture Combo Breaker
    I don't care! I've signed with an agreed figure as to what I'll walk away with. Bottom line is I AM DESPERATE!!! So thanks for your compassion!!! Maybe if you've nothing nice to say.... say nothing!!!!!
  • marliepanda
    marliepanda Posts: 7,186 Forumite
    Phyzelda wrote: »
    I don't care! I've signed with an agreed figure as to what I'll walk away with. Bottom line is I AM DESPERATE!!! So thanks for your compassion!!! Maybe if you've nothing nice to say.... say nothing!!!!!

    And your ex has agreed to this sale? Well Im glad youve managed to win him round this week.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The obvious question is who owns the property? If it's jointly owned then it can't be sold by one owner, unless they are buying half with a setting tenant (in which case it's obvious they will want a profit for not being able to liquidise).
  • elsien
    elsien Posts: 35,843 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Phyzelda wrote: »
    I don't care! I've signed with an agreed figure as to what I'll walk away with. Bottom line is I AM DESPERATE!!! So thanks for your compassion!!! Maybe if you've nothing nice to say.... say nothing!!!!!

    There's no point saying nice things if they are inaccurate. We can see that you're desperate but desperation doesn't change the legal situation. Is the investment company aware that there is another person named on the mortgage and deeds who will also need to sign the paperwork to agree to the sale?
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • Cheeky_Monkey
    Cheeky_Monkey Posts: 2,072 Forumite
    Phyzelda wrote: »
    I used the word "squatting" for the style and state he was living in. No offense but I'm not stupid!! Just someone who was depress for help.

    're the investment company I've signed the paperwork. And I had a local estate agent out. I've done my calculations and they are actually offering a better deal. So they are worth talking too!

    Sometimes wish I didn't post on these forums!!

    It's not compulsory you know :p

    I have to say that I find your responses in this and your other thread somewhat rude and your consistent refusal to answer relevant questions makes it almost impossible for anyone to give you any meaningful advice.

    I suggest you either tone down your attitude and supply the pertinent information or look elsewhere for help.
  • FBaby
    FBaby Posts: 18,374 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Indeed, is the house under your name only? Are you planning on keeping all the equity? How long have you been married?
  • marliepanda
    marliepanda Posts: 7,186 Forumite
    FBaby wrote: »
    Indeed, is the house under your name only? Are you planning on keeping all the equity? How long have you been married?

    In all her posts it has only ever been referred to as the marital home, but she moved out with her children so would be an odd move if only she owned the house.

    She wants all the equity because she blames him for the separation.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    IMO it was a bad idea to leave the marital which of course should be for her and the children and not him. If he was violent the police should have been called.
    Moving in with parents was also a bad idea as it gives the council less motivation to house them hence she and the parents could be stuck with it for longer than either party wishes.
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