Warning: Mortgagee Sales

Mortgagee Sale Dangers

Mortgagee Sale

 

Last night Campbell Live looks at a poor family who entered into a mortgagee sale and got into such a mess that they are not camping in an uninsulated caravan on their new dream home while the previous owners refuse to leave.  Police refuse to help as they claim it is a civil matter.

The previous vendors put up a fight screaming “buyer’s beware” and alleging first a tenancy agreement and now a lease entitling them a right to occupy the house at the expense of the new purchasers who are continuing to pay for mortgage, rates, insurance etc.

Please seek legal advice before entering into mortgagee sales or any sale agreement for that matter.

 

  Click here to go to the Campbell Live page.

Contact the QCL Property Team:

John Jon: 09 970 8829 / john@queencitylaw.co.nz

Tina Hwang: 09 970 8812 /  tina@queencitylaw.co.nz

Jan Chen: 09 970 8827  / jan@queencitylaw.co.nz