Some time ago I posted here about our predicament where the builder of our estate had gone bankrupt and we had not been handed the keys to the house and approximately half of the total sum was still due to be paid over by us.
This has finally worked its way through the system with involvement from liquidators, solicitors and others while we observed helplessly from the sidelines wondering when, if ever, we were going to get our hands on our house.
One significant point to note is that we have been paying a full mortgage on this property since last March.
In last month or there abouts we received notification that the various powers that be had settled their differences and we could go ahead and take possession of our house once the outstanding monies had been paid in full. All well and good but:
The house is not in finished (snagged) condition
There are outstanding utility bills and the utilities have been disconnected
We have legal bills arising out of our unwanted involvement in the process over the past 11 months
We have been paying out rent while waiting for our house. The house was contracted to be handed over December 2006
Finally, to make matters even more surreal, our bank that we pay our mortgage to were the ones holding the deeds to our house.
We felt and feel that we were entitled to some reduction in the outstanding monies, if only to put the house in saleable condition however, not only will my bank not even return my calls, but it appears that expensive legal action would be necessary to achieve what we believe what is rightfully ours.
The whole process is certainly biased away from the little guy as it appears that our only option is to cut our losses now and pay out. I would welcome any comments anyone may have even if it is just to say, "shut up and take what you can get"
This has finally worked its way through the system with involvement from liquidators, solicitors and others while we observed helplessly from the sidelines wondering when, if ever, we were going to get our hands on our house.
One significant point to note is that we have been paying a full mortgage on this property since last March.
In last month or there abouts we received notification that the various powers that be had settled their differences and we could go ahead and take possession of our house once the outstanding monies had been paid in full. All well and good but:
The house is not in finished (snagged) condition
There are outstanding utility bills and the utilities have been disconnected
We have legal bills arising out of our unwanted involvement in the process over the past 11 months
We have been paying out rent while waiting for our house. The house was contracted to be handed over December 2006
Finally, to make matters even more surreal, our bank that we pay our mortgage to were the ones holding the deeds to our house.
We felt and feel that we were entitled to some reduction in the outstanding monies, if only to put the house in saleable condition however, not only will my bank not even return my calls, but it appears that expensive legal action would be necessary to achieve what we believe what is rightfully ours.
The whole process is certainly biased away from the little guy as it appears that our only option is to cut our losses now and pay out. I would welcome any comments anyone may have even if it is just to say, "shut up and take what you can get"
Last edited: