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Response to Help-has my SARN caught them out!

from Jen P (jlzmail@adelphia.net)
I guess I'm confused with all this MIG stuff. The original Offer said " the maximum amount which the Society would consider proper to advance upon the security of the property if no other security were taken by the society is 51,750 - the amount by which the advance exceeds the said maximum amount is 13,500 - the society proposes to take security for the advance from a 3rd party - A guarantee given by sun alliance" etc... if I paid 607.50 for this indemnity - shouldn't it cover me for something?? Why do they show "break even" amounts as the mortgage less the 13.5K? To answer one of your questions, the last mortgage payment was made at beginning of 1994 so when I heard from B&W at beginning of 2002 this was 8 years later so doesn't that make the chase for the 13,500 outside the 6 year window? If the indemnity was for 13,500 - how can they have a claim of 18,065.01?? This is how I see their claim: Amount owed as at 3/31/94 65,689.07 (I have a statement from that time stating that exact amount) 13,500 indemnity written off as too late to chase sale of property should have been 52,000 (rejected offer in May 1994) B&W cashing in endowment 3,763 Their costs should be reduced from 3,293.10 to at around 1,500 (lot of gardening/maintenance costs from 1995 - property should have been sold long before then so I am not paying) - I also don't see why they should charge me in-house legal (conveyancing) charges of 550 or an admin fee of 300. Anyhow, the way I see it they actually owe me about 2 grand but I'd be willing to call it even. On the note of them taking me to court - I'd like to see them try as I am a permanant US resident and have been for the last 10 years. I still want to beat them however, to prove a point for us all. On a final note they had one letter in their file that they supposedly sent to me after the sale of the property in 1996. This letter had no mailing address - just my name!! No wonder I never received it. It said they would be sending me a statement of account - according to their records the next letter sent to me was mailed n August 2000 - over 4 years later!! I didn't get this one either - address was not quite right. First contact I had with them was earlier this year. Don't think this would look good in court if they ever got there. I think they may be sweating a little - the last letter I sent them, before I got the SARN info asked them why they rejected each of the higher offers back in 1994. No response as yet although I did receive a call from B&W this past Monday at 5am my time (10am London time)- obviously I didn't answer it and will not be talking to them by phone as I do not want to put my foot in it - safer to have everything in writing. I'm going to look at more of the site tomorrow and will let you know where I think I should go next with this. Cheers everyone

P.S. - there's someone else on this site with a very, very similar B&W claim - same amount, keys handed back, same time frame - I did e- mail him but have not had a response - perhaps we can help him also.

(posted 7973 days ago)

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