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Real stories of people losing their homes

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    #11
    Originally posted by Bagpuss View Post
    Pretty much the same attraction as any canal side development in any city in England.

    The whole market is xxxxxd e.g. 1 bed flat in Fulham, auction guide 120k (were selling for 275k 18 months ago.)
    Hmmm... the look of the area that the flats were in was not exactly "urban chic" or "an amusing juxtaposition": it looked like a tornado had lifted some posh London trendy flats and dumped them in the badlands of Brum.

    Comment


      #12
      Originally posted by Bagpuss View Post
      167k at 10% FFS

      must be £1500 a month?
      Was the dodgy lender actually thinking ahead and working out the repossessed house would be worth quite a bit more than 167K ?

      Comment


        #13
        Originally posted by expat View Post
        Birmingham has as many miles of canals as Venice. "almost like Venice", doesn't it look more attractive in that light?
        Not really.

        P.S. What's the Brummie equivalent of the Doges Palace then?
        Behold the warranty -- the bold print giveth and the fine print taketh away.

        Comment


          #14
          Originally posted by rootsnall View Post
          Was the dodgy lender actually thinking ahead and working out the repossessed house would be worth quite a bit more than 167K ?
          Aha! I definitely saw some of that in the 1990s.
          Behold the warranty -- the bold print giveth and the fine print taketh away.

          Comment


            #15
            Originally posted by Sysman View Post
            Not really.

            P.S. What's the Brummie equivalent of the Doges Palace then?
            Birmingham Dogs Home?

            Comment


              #16
              "We paid £15,000 and the government put in £16,000. That left us with a mortgage of about £167,000.

              We had to pay interest at 9.8%, which I was advised was the best I could get at the time because of credit problems, as neither my wife nor I were working. "

              2 things about this.

              1 - where did he get £15k from if neither were working. Presumably that means he had a serious amount of savings. If so, was he claiming benefits and did he declare his savings?

              2 - how the hell do you get a mortgage of that size when nobody is earning? If he lied about his income to get it then surely he should be done for fraud.
              Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

              I preferred version 1!

              Comment


                #17
                I wish the government had better protection for consumers as I had got my original mortgages for the Birmingham flats in minutes. Government should stop these unscrupulous deals.
                FFS since when has a buy-to-let speculator been a 'consumer'?!!
                Cats are evil.

                Comment


                  #18
                  Also, had the government regulated things better then no doubt he would not have been able to take out the loan for the 4 bargain flats and would no be moaning about an opportunity which he was prevented from taking advantage of.

                  People really need to start taking responsibility for their actions!
                  Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

                  I preferred version 1!

                  Comment


                    #19
                    "I went to market to sell my cow, some unscrupulous barsteward offered me some beans. Seemed like a good offer at the time, but looking back what was I thinking? Isn't it about time this useless Government protected me from my own stupidity a simple punch in the face would have worked!"

                    Yours
                    Jack
                    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

                    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

                    Comment


                      #20
                      Originally posted by TonyEnglish View Post

                      People really need to start taking responsibility for their actions!
                      Not in the world of Nu Liebore.
                      Older and ...well, just older!!

                      Comment

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