******* sellers suddenly decided not to sell property

[DimPrawn]

Move on Atw.

It's not like there's a shortage of new build flats in Brum. There must be 1000's of them for sale, especially new builds.


You make out like you were buying a unique grade 1 listed castle or something that comes up for sale every 300 years.

[AtW]

Aye Scunthorpe - might get a new car instead and keep renting for a few more years before buying a detached house for a wheelbarrow of cash

[Sysman]

Seller were receivers acting on behalf of the bank that had to repo whole new build few years ago.

You'd think by now they'd prefer to write off bad debt like this. I guess that's what proper bank would do - they are a building society

The property world is very corrupt all scrupulously clean and above board, especially where repossessions are concerned.

The odds are high that it will go to one of the receivers' mates at an even cheaper price.

[Sysman]

I'm just wondring if banks have wind of bad news coming our way. Conspiracy rumours are that a European bank has gone bust and Benny Hill says "extraordinarily serious and threatening" economic situation". Maybe banks prefer to be sitting on property at them moment rather than receiving your cash that will soon be worthless.

Could be. What I saw in one country when they were about to devalue their currency was that everyone piled their cash into property, scrap cars, the lot, anything rather than be left sitting on a pile of cash.