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Response to Another point to add to the last post!

from M Amos (idgroms@hotmail.com)
Linda,

To make a counterclaim for underselling this normally has to be done within 6 years of the property being sold. Furthermore, you would need hard evidence of this, e.g. a valuation of the property, or similar property in the same area at the time of sale. There may be, I believe, a legal argument for extending the 6 year period for counterclaiming if you weren't informed of the sale/sale price and the lender knew where to contact you. You would need to check this though with a legal expert experienced in mortgage shortfalls, not easy to find unfortunately.

Mark.

(posted 7503 days ago)

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