Underselling?greenspun.com : LUSENET : Repossession : One Thread
I've spent some time on this site in the last few days seeing you spineless, whinging bunch of ne'er do wells whine on about alleged underselling of property.
What you morons seem to forget is that when a property is repossessed it will be empty for some time before a buyer emerges. The Building Societies who have been forced by you lot refusing to pay your debts to spend legal fees in obtaining court orders to turf you out of the building societies properties have a duty to get the property off their hands and sold as soon as possible as an empty house is a green light for vandals etc. I can imagine your whinging if the societies had held out in a depressed property market for the full whack on the property price only to see the property get vandalised etc etc etc....
The truth is that you lot put the societies in the position where they were forced to take back THEIR PROPERTY and then ask you to honour your CONTRACTUAL OBLIGATIONS. It's not their fault that you lot were unable to keep your promise to pay the mortgage on the property is it?
You lot should be grateful that after you'd let the lender down so badly they were willing to sell the properties and that there were people such as myself willing and able to pay good money to take the properties off their hands.
Why don't you do something positive with your lives instead of whining and wringing your hands? Pay a few debts for example... It might hurt to part with your money initially but believe me, it'll make your concience that little bit clearer to know that you're finally paying your way in life.
-- Owen Money (firstname.lastname@example.org), August 17, 2002
Ah diddums. Poor old tosser got narked because no one bit on hi slast post.....lol
-- Too scared to say (email@example.com), August 17, 2002.
Oh, if it were really all that simple.
I politely suggest you arm yourself with ALL the fact before you begin to throw accusations at other people.
-- Matt (firstname.lastname@example.org), August 18, 2002.
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!
-- Gordon Bennet (email@example.com), August 19, 2002.
I always love it when people resort to name calling, you can imagine them sitting at the keyboard smoke coming out of their ears.It's just a shame that they carry on that way when there really is no need and it serves no useful purpose.I for one do not wring my hands or whine but I also do not intend to pay any of the money that the mortgage company have been asking for as I do not owe it, you would do well to look at people as individuals instead of tarring them all with the same brush.If you buy property and make money out of it good luck to you,but to call every person who has fallen on hard times and lost their home names is so insensative and not very bright.Actually I do very well indeed[ and the mortgage company cant touch a penny] I holiday abroad several times a year[ in my own place,of course]I have a massive house and enjoy life to the full.Just as an example of what can happen. A friend some time ago got in a state because his son overdosed on drugs and died, he had a nervous breakdown then lost his job also his house as he could not pay the mortgage. Now you know what the question is, was he a whinger? or just some poor unfortunate soul who had some bad luck? if your answer is the former then that speaks volumes. David. PS There but for the grace of God go I. We all would do well to remember these words!
-- David (firstname.lastname@example.org), August 19, 2002.
Well said. Perhaps we should all agree (me included:) to simply ignore these types of posts from now on, including the requests for repo properties? If no one answers, then they'll just go away?
-- Too scared to say (email@example.com), August 19, 2002.
Re Owen Money and seekers of repossesed houses.
We all have enought to worry about on this sight without getting wound up by these sad persons. We should all decide not to post any further messages to the like of these people. All it's doing is upsetting ourselves and providing entertainment from them.
If we don't respond they won't get their kicks!
We are far better people than they are.
Let's ignore them and let them find someone elso to bully!
-- scared to say (firstname.lastname@example.org), August 21, 2002.
Before any smart alec posts a cheeky response - sorry about the speclling mistakes - forgot to spell check! Terrible when you're not perfect isn't it!!!
-- moira (email@example.com), August 21, 2002.
We are none of us perfect[apart from Owen that is]
-- Steve (firstname.lastname@example.org), August 23, 2002.
I agree that posts like this should be ignored. We have enough fighting to do against the lenders and I personally do not have time for people who waste time by posting arrogant messages on this board when there are some of us who have through no fault of their own been left in a severe financial crisis due to negligent lenders. Abusive and arrogant posts like this are simply the actions of a few immature and insenstive people who thrive on other peoples misfortune.
-- Kaveh Damestani (email@example.com), August 27, 2002.