were go a go to for help i am paying two mortgages they left me outside the new house for ten days and the buyer for the old house walked away becasue i never knew when i could do the deal no fsa has a clue please tell me how i go about this
2007-11-28 09:42:39 · 6 answers · asked by roy c 1 in Business & Finance ➔ Renting & Real Estate
my wife and I had a house in another area, we wanted to port the mortage to a new house 200 miles away, on the day of the move the mortgage company amited they mad a mistate in the figures on the new house and we were standing out the house for ten days(hotel) the buyer of the old house was an invester and becasue i couldnt tell her when i was going to do the deal she walked away ( the only way she could of done it is paid 12000 more for the house as i have a tie in. The mortgage company amited the mistake and paid us 4000 for the new house and will not paid any thing against the old one were do a go to , the mortgage company says its the lawyers are at fault hep
2007-11-29 07:08:59 · update #1
what????????????????? not making sense....try again...
2007-11-29 04:16:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Speak to the solicitor that was dealing with your purchase/sale. If i am understanding you correctly you now have two mortgages so i am assuming that you have two properties, a quick solution would be to rent the property out that you arent living in as this should cover the mortgage payments, this is known as self financing mortgage. Depending on where you got your mortgage from then there are different things that you could do, if you got your mortgage through a broker and they are at fault then you need to find out if they are directly authorised by the FSA of appointed representative of the FSA. All financial bodies have an ombudsman, contact whoever has admitted liability and find out who their ombudsman is then contact the ombudsman and follow their protocol.
2007-11-29 00:18:50 · answer #2 · answered by leambi 5 · 0⤊ 0⤋
As I understand it you had applied for a mortgage on a new house. For reasons that are not clear the money did not come through for some time. You already had a mortgage on your house which you hoped to sell to fund the new house. The buyer of your old house walked away because you could not complete. You are now left paying for both mortgages. Who can you complain to? If you are in the UK your complaint is with your solicitor who should have ensured that the two transactions were linked. If you are resident in the US I haven't a clue who is legally responsible.
2007-11-28 09:58:53 · answer #3 · answered by JOHN R 4 · 1⤊ 0⤋
Speak to your solicitor who was handling the legal side of your sale/purchase. He/she should have been aware of what was happening and preventing this situation.
If the solicitor is at fault, complain to the Law Society. They have a fund set aside for financial loss caused by errors made by solicitors.
2007-11-28 09:57:39 · answer #4 · answered by andegar 2 · 1⤊ 0⤋
Restate what you are trying to say in English this time.
2007-11-28 09:46:34 · answer #5 · answered by Anonymous · 2⤊ 0⤋
Sorry, but I can't understand the question. Please restate it in plain English.
2007-11-28 09:50:08 · answer #6 · answered by Bostonian In MO 7 · 1⤊ 1⤋