Hi

Here's a conundrum I am in.

Swift recently repossessed my home (second legal charge) they then took two months to decide they had no intention of selling it and then passed it onto the first charge mortgage company GMAC RFC.

Which I never agreed to as GMAC RFC did not under any circumstnaces have an eviction order or my consent to take possession of the property.

Whilst in Swift's possession damage was deliberately caused to the property.

GMAC then allege they instructed an asset company who in turn instructed valuers to survey the property.

The valutions in no way reflect the property and both contradict each other, my 7 year old nephew could do better, seriously.

They refuse to give the addresses of the valuer's so that they can be reported.

Currently the property is on the market at a greatly reduced price some 50k below market value due to this.

GMAC RFC have a suspended warrant and the mortgage was being paid.

My Question is whether this is lawful.

I have never heard of this before as I am still contractually bound to both companies.

Neither of these two have approached me even though when I left the property they had phone numbers and a fax number as well as e-mail.

Any help please

Newsmanner and cheers

by the way HAPPY NEW YEAR:-?

Hi Newsmanner

I'm very sorry to hear about your troubles, others will be more able to advise you on the legality of your situation but I would urge you to send your story to the OFT who are investigating second charge lending NOW. Address it to [email protected]

This all sounds very dodgy to me, as you have probably gathered there are many of us on the site having problems with Swift but we're supporting eachother and fighting back. 2010 will not be a good year for Swift Advances.

All the best

Sweetjane

Hi

 

Here's a conundrum I am in.

 

Swift recently repossessed my home (second legal charge) they then took two months to decide they had no intention of selling it and then passed it onto the first charge mortgage company GMAC RFC.

Which I never agreed to as GMAC RFC did not under any circumstnaces have an eviction order or my consent to take possession of the property.

 

Whilst in Swift's possession damage was deliberately caused to the property.

 

GMAC then allege they instructed an asset company who in turn instructed valuers to survey the property.

The valutions in no way reflect the property and both contradict each other, my 7 year old nephew could do better, seriously.

They refuse to give the addresses of the valuer's so that they can be reported.

 

Currently the property is on the market at a greatly reduced price some 50k below market value due to this.

 

GMAC RFC have a suspended warrant and the mortgage was being paid.

 

My Question is whether this is lawful.

I have never heard of this before as I am still contractually bound to both companies.

Neither of these two have approached me even though when I left the property they had phone numbers and a fax number as well as e-mail.

 

Any help please

Newsmanner and cheers

by the way HAPPY NEW YEAR:-?

HI Newsmanner

This is also new to me......So I can only say what I would do

1.......Send a complaint to the OFT giving a chronological sequence of events to date

2.......Contact the Financial Ombudsman with the same and also the FSA.

In the mean time seek out a Good solicitor who is willing to give you 1 hrs free advice. I believe there is still something you can do.......Can you post your credit agreement less personal info ?

Get your story and facts off to the OFT ASAP.

Send it by E-mail to

[email protected]

sparkie