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Halifax - do I have a case for underselling?

from Ron (ronmac39@hotmail.com)
Hi

I'm currently being pursued by the Halifax for a shortfall of over £20,000. I served a SARN on them as recommended on this site and have found a number of facts that I believe are evidence of mis-selling...

1. The property was sold for £6750 (against a mortgage of £23,500!) which they justified because of low demand in the area... such low demand that a bid was accepted within TWO WEEKS of the property being put on the market.

2. It appears to have been sold in a sort of auction, with 3-4 bidders supplying sealed bids - is this normal?

3. I have repeatedly asked for marketing material, such as Estate Agents info, without success.

4. The said Estate Agents, Halifax (conveniently!) charged £940 fees on the sale - broken down as 2% of sale price, subject to a minimum of £900!

5. There seems to have been only one valuation made before selling

There are a number of other discrepancies including payment in advance of a 6 month service charge bill 2 months AFTER the property was repossessed, which the Halifax claim we should pay, but I feel the above points are the most interesting.

So... can anyone tell me if the above info is important enough to pursue? They have been VERY evasive on the above points and seem extremely reluctant to provide me with the sales literature I requested - to the point where I am beginning to wonder if it was ever actually placed on the open market.

Hope someone can advise...

Ron

(posted 7603 days ago)

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