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Subject: Any suggestions of how I could help this vendor

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Raj Beri
Posts:1
20-07-2008 3:37 AM Alert 
This relates to a lead that I have been working on for 4 weeks. House would probably value at ~£78,000 in the current market. The lady will get into further financial trouble if the current situation persists. She wants to sell and rent back

I originally offered £62,000 with a rent of £500pcm.

Verbally she had told me that she believed she owed about £60,000 to mortgage lender and 2nd charge secured loan (bham midshires and GE Money respectively). Based on that, £62,000 would make her debt free and reduce her payments from ~£750 to £500 (rent)

During the last few weeks, I have been waiting for settlement statements from the lenders. Yesterday, she text me to say she actually owes near £65,000

I fear that the lady will get repossessed in time

Does anyone have any suggestions of what I could do to help or do I just say sorry can't help and walk away

Appreciate your input
Johnny Debt
Posts:209
21-07-2008 3:11 AM Alert 
Just looking at the figures above this could be a fairly straight forward case for JD LAW to deal with.

On the top right of this page you will see the JD LAW logo. If you click on it, it will take you to another section of this forum. From that section you can submit your enquiry direct to JD LAW. Just follow the on-screen instructions.

If this client has any un-secured debts, these will also be looked at and a solution offered.
Johnny Debt

07870 492521
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Forums > Riding the Rhino - In Debt? Need Help? > Riding the Rhino > Any suggestions of how I could help this vendor


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