Well done Mark though the'answer'you received is no more than I expected - just a load of ducking, bobbing and weaving!! That, in fact, does tell us something.... that there is recognition that the whole subject of repossession and the greedy corruption that obviously rules it needs very 'careful handling'to save the skins of those who perpetrate the endemic 'legalised' robbery. Personally I can't think what that handling could entail if the lenders and their cohorts have complied , and are still complying with the principles of the repealed legal obligation of 1986 regarding prices obtained. Add to this the unforgiveable delay in sorting out the time limits and then ice the cake with the endowments debacle and you have a sure fire recipe for a stinking mess. Oh,I nearly forgot, Ms Kelly also states that there will be a requirement by the FSA that lenders will be responsible for the actions of the debt collection agencies they employ....hooray. But what about the actions of the estate agencies and the valuers they employ who, in cahoots with the lenders, bring about the artificial shortfalls created by underselling.(posted 7737 days ago)Let's see what happens before October 2004 shall we .... there's is plenty of scope for falls in properties values, higher interest rates and goody goody . more repossessed to sell cheap.
Learned lessons from the past have they?
Excuse me if I say goodnight folks.... I'm going to play my violin.