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Response to Valuations on house - Am I entitled to them?

from Eleanor Scott (eleanor.scott@btinternet.com)
I strongly believe that under the letter & spirit of Civil Procedure Rules you are fully entitled to see ALL the evidence of the alleged debt which the lender wants you either to pay or make a settlement offer on. You need to be able to judge reasonably the validity of the lender's case against you, and this you can only do on the basis of evidence, especially if you are trying to determine whether or not the lender shirked its duty to obtain the best price for the property, and evaluate the effect that that might have had on the creation of and the size of the alleged 'debt'.

My repossessed flat was sold for £1,300, and when I finally - after a marathon striggle - got to see the 'valuation' and 'marketing' documents, it was possible to construct an even more robust argument against the lender's demands for shortfall 'debt' to be paid.

By the way, it paid in my case to get my MP and a local councillor involved. They helped put pressure on the lender to co-operate with my requests for the documents.

(posted 7859 days ago)

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