Response to Underselling?

There is no reason except laziness why lenders cannot properly market repossessed properties and obtain the full market value for these. As to your comments about vandalism, I fail to see why a repossessed property properly maintained and securely protected should be any more vulnerable than one where the owners are away for several months. The real reason for the underselling is that the law does not it seems require lenders to achieve the best price for the re-sale, which is why shits like you can get your greedy little paws on them. Of course, were the lenders to be obliged to obtain the ful market value for the properties they undersell then you and other parasites would be unable to make such easy profits for so little work. In many cases the repossessions could have been avoided by more reasonable treatment from lenders. In many cases too, the mortgage payment holiday products available post '90s crash would have avoided arrears building up leading to repossessions. What you choose to ignore however, is the 'broken contract' between a government who exhorted us all to become property owners, and then screwed us all by complete incompetence in running the economy. Small wonder no-one in their right mind wants the Tories back in power!

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