HAVING WATCHED THE BBC1 PR0GRAMME FOLLOWING THE DEMISE OF 3 FAMILIES AFFECTED BY REPOSSESSION I BELIEVE IT IS ABOUT TIME THAT NEW RULES AND REGULATIONS WERE SET UP TO GOVERN THE IRRESPONSIBLE BEHAVIOR OF BUILDING SOCIETIES AND BANKS.
THE PROGRAMMER HIGHLIGHTED THREE DIFFERENT CIRCUMSTANCES.
ONE FAMILY FOUND THEMSELVES IN FINANCIAL DIFFICULTY ATTEMPTED TO DOWNSIZE - REDUCE THERE INDEBTEDNESS. HAVING SECURED A BUYER FOR THEIR CURRENT PROPERTY THE SOCIETY REFUSED TO GRANT A NEW MORTGAGE ON THE DOWNSIZED PROPERTY BECAUSE THEY WERE IN ARREARS. SURELY THIS WAS IRRESPONSIBLE BEHAVIOR ON THE SOCIETIES PART. THIS FAMILY ACTED RESPONSIBLE BY RECOGNIZING THEY COULD NO LONGER AFFORD THEIR CURRENT MORTGAGE AND ATTEMPTED TO CORRECT THE SITUATION. THEY RESORTED TO RENTING PRIVATELY AND ON THE DAY OF THE MOVE SECURED AN OFFER BELOW THE ORIGINAL ASKING PRICE FOR THE PROPERTY WHICH THE SOCIETY REFUSED TO ACCEPT ULTIMATELY THE SOCIETY REPOSSESSED AND WILL MORE THAN LIKELY SELL OFF AT AUCTION BELOW THIS VALUE LEAVING THE FAMILY FURTHER IN DEBT!!! THIS DECISION SHOULD NEVER BE ALLOWED TO HAPPEN AGAIN
About Me
- Oscar C4 Ovacik
- A contemporary 3 Bedroom air conditioned duplex apartment on the outskirts of Hisaronu in the village of Ovacik. Set within a walled landscaped garden with swimming pool and children's pool and just a 5 minute journey by dolmus to the beautiful Blue Lagoon at Olu Deniz Mountain views abound on every aspect