A very interesting article... My property was repossessed in March 2001, prior to this I had a buyer who was willing to pay £50k, but the bank refused saying they could get more. Eventually the bank sold the proerty at auction in Jan 2002 for peanuts £18k. The person who bought the property at the auction sold it in May 2002 for £45K.(posted 7988 days ago)Can I take action against the bank. The evidence I have is a letter from the buyer (£50K) stating that the bank refused there offer and took a possession order, property particulars from the person who was selling after the auction for 45K.
Will this evidence be sufficient to prove that the bank were negligent and undersold my property??