£10k BILL IS THIS FRAUD

[turbo9111]

CG2020UK said:

Brilliant thread I feel I've learnt a lot here and like the OP I might be a bit too trusting around legal matters and properties.

Fair play on going after the original sellers I can see why you picked the option, your retired so it is basically entertainment and hopefully they learn their lesson. Really hope they have to cough up as the deserve.

All the best with you retirement!

Thanks you have seen it as to what it is, The sellers really need to be taught a lesson they have been around the area for years winding up businesses they have started and taking good local people for there hard earned.

[turbo9111]

My solicitor is advising this will not happen as they have assets, they are also directors of various local businesses and i have the option of if I believe it will go down the monthly repayment route i can pull the plug and refer back to solicitors insurance

[turbo9111]

Thanks guys for all the advice and its all aimed in the same direction, I may have to have a rethink on things my gut Is to make the sellers suffer but i would like to recoup my £10k and the way i see it the solicitors or the insurance company is going to pay up, Or maybe even the council as i,m confident i have them on the ropes concerning not pursuing the original sellers to cough up, I had a experience 8 years ago for which i,m still paying for as until i recently retired i run and owned a successful company in the construction industry where a scrote had a injury caused by his own work ethic, He went on to a no win no fee company and it took 5 years and well in excess of £100k of my insurers money for him to back out on a claim just before it went to court my premiums went through the roof as we were then known as a high risk company, Will keep the thread updated....

[turbo9111]

I wrote to my solicitor early this morning reminding them that our agreement was open for review before they issue proceedings and i would like at this time to review the possible outcome,
I did make it clear in my decision to let them chase for the money that i was 100% not interested in reclaiming my money by any instalment plan,
Could be coincidence but I’ve heard nowt back.....

[turbo9111]

This just in,
The sellers have offered through there solicitor to repay the debt to us at £1000 per month with the first instalment paid immediately, Decision time .....

[turbo9111]

blueg33 said:

Totally - seller is currently looking like a naïve fool.

Op I have tower bridge to sell you and some unicorn horns - transfer £10k to me and they are all yours

A fool and his money are easily parted

Don’t be such a faceless c**k
And try to belittle me,
Just because i,m not on here every 5 minutes with the latest update,
I,m trying to report back as often as i can find time to,
I have written back to the solicitor and requested they return it back to there insurers and i,m awaiting a reply as soon as i get a reply i will update the thread..

[turbo9111]

blueg33 said:

Not trying to belittle you but I was feeling exasperated at the approach - everything you have said and your approach is setting you up to be back here again saying "they haven't paid". You are exposing yourself to considerable risk of not getting the money totally needlessly, and I'm not the only person to spell that out.

I deal with issues like this on contracts and real estate much of the time, and the key learning is don't let people off the hook, especially when they have insurance that will cover their cockup.

I am concerned they are trying to take advantage of your good nature - as you can probably tell from my posting style at times, winning in property often means that you don't apply a good nature even when its not your usual style.

In short - play hardball


I appreciate your advice and thankyou i get the message...

[turbo9111]

thanks,
I think that post sums it up well.....

[turbo9111]

Small update,
My solicitor has now emailed to say they have referred it back to there insurance company.

[turbo9111]

Centurion07 said:

On your direct request or because you suggested they front you the £10K and get it back from the vendors themselves?

More of a i,m not happy with how things are going so i would like you to do as previous agreed and refer it back to your insurers...

[turbo9111]

WELL HERES A UPDATE,
Our super dooper helpfull solicitor ...yawn....Has today agreed to pay us the £10k back and pursue the previous owners themselves, I would like to say to everyone who has helped and offered advice a real big thank you, you guys are a credit to PH and again thanks very very much,
MUCHAS GRACIAS......

[turbo9111]

They decided not to go through there insurance but pay it themselves ????

[turbo9111]

Centurion07 said:

Think someone mentioned earlier in the thread it's possible their excess is £10K or more plus making a claim would likely put their premium up.

That’s exactly it ....

[turbo9111]

A amount on top wouldn’t be turned down but for me i,m happy to get my £10k returned,
It’s not quite over for me as i,m awaiting a reply from the council with some answers,amongst other questions i have asked,
Why or who made the decision that the previous owners who signed the agreement and after all this was bought to light agreed to repay the council were allowed to walk away and we were forced into having to pay the debt, They don’t know that i know the answer to this question and there constantly avoiding answering it........