LPA receivers, Help greatly requierd plz

[clarke]

Re: LPA receivers, Help greatly requierd plz

I'm starting to think there's only one option "a race to the finish line" gaining the court order you mentioned and sell the property myself, and stopping them from selling it on auction!! even tho it's an profitable asset.

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Also if the account is in advanced, can they sell it?

[Winslet]

Re: LPA receivers, Help greatly requierd plz

Hi Clarke and welcome to LB,

Winslet is absolutely right, I'm sorry to say. See here: http://www.ibtimes.co.uk/crooked-hel...dlords-1449640

There are many horror stories on here, too.

This thread might help:
http://www.legalbeagles.info/forums/...m-to-back-down

I would also suggest enlisting the support of your MP.



Otherwise, keep posting and there will be help forthcoming from the many knowledgeable people on here.

Wishing you luck! x

The article in IBT was about me. You might like to watch this one as well

http://www.bbc.co.uk/news/uk-england-kent-25889308

I keep trying to get this out there so someone will do something about it!

[Winslet]

Re: LPA receivers, Help greatly requierd plz

It seems they can do anything they wish and as they are unregulated there is no come back. Even the courts come down on there side.

I was able to prove in court that the bank had conferred the power of sale on the receivers in breach of my mortgage deed but that was AFTER the receivers had 'sold' five of my properties and got away with it!

I think you need to get a solicitor who knows the subject to check over your mortgage deed to make sure the receivers have been validly appointed and maybe seriously consider selling the property yourself. At least, get it valued immediately.

[Winslet]

Re: LPA receivers, Help greatly requierd plz

Hi Clarke,

Hi Clarke, I think you should have your property valued immediately and also, see a solicitor who is an expert in the field to check that the appointment of the receivers is valid and definitely consider selling the property yourself by applying to court under section 91 of the LPA. My receivers 'sold' five of my properties in spite of the fact that the bank had conferred the power of sale in breach of my mortgage deed but they all got away with it!

You need to take urgent action....I didn't and regret it now!

[Winslet]

Re: LPA receivers, Help greatly requierd plz

Another thought. If you talk to your bank be sure to record the phone call and/or get any promises they make in writing. Banks have been known to take money from people to bring their mortgage accounts up to date and/or promise to dismiss the receivers and then don't do it and again, the courts will support them! BE VERY CAREFUL!

[Kati]

Re: LPA receivers, Help greatly requierd plz

Yes, I know some of the people who subscribe to that.

Bless you, Winslet - it wasn't actually for me, I thought it might be helpful to the OP.
I'll report your post so that admin can decide whether it's OK to post your email address. :tinysmile_twink_t2: x

Thanks [MENTION=37303]MissFM[/MENTION] [MENTION=69880]Winslet[/MENTION] ... I've edited out your email address :sorry: but it's to ensure you don't get 'dodgy' emails off anyone If you want to send your email address to TKK via PM that (IMO) would be fine tho

K xx