South Lorne Posted March 1, 2009 Share Posted March 1, 2009 http://www.nzherald.co.nz/nz/news/article....jectid=10559379 The 73-year-old woman was in the country on a visitor's permit and signed the documents which were faxed to the mortgage company, Trustees Executors, by her son-in-law, property developer Simon Turnbull, the Sunday Star-Times reported today. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted March 1, 2009 Author Share Posted March 1, 2009 .....it gets better.....not just UK lending that was off.... The newspaper said two other loans totalling nearly $5m were advanced by Trustees Executors to Turnbull's sister-in-law, also called Maria de Magalhaes. It is understood bankruptcy proceedings have been started against her. Quote Link to comment Share on other sites More sharing options...
CviewUK Posted March 1, 2009 Share Posted March 1, 2009 And the NZ version of Sandbanks: If you've got a few million to spare, there's a cute little place on Auckland's North Shore going for a song.The four-bedroom, 415sq m property at 14a Gibbons Rd, Takapuna, is on the market for $2.85 million, down from an original asking price of $4.39 million. http://www.nzherald.co.nz/nz/news/article....jectid=10559458 Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted March 1, 2009 Share Posted March 1, 2009 Struth. Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted March 1, 2009 Share Posted March 1, 2009 If you read the whole article it seems that her son in law was using her for funding. There were another two loans for 5mil as well. What was the Son in Laws job - Property developer and where is he now, nowhere near NZ, in Hong Kong. Quote Link to comment Share on other sites More sharing options...
grey shark Posted March 1, 2009 Share Posted March 1, 2009 Serious Fraud Office after allegedly lending $4 million to a grandmother with no assets or income. Looks like this Sheila signend for a NINJA mortgage ................NO INCOME NO JOB no ASSETS Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted March 1, 2009 Share Posted March 1, 2009 What did their PM have to say about such matters, "It started in Great Britain" ? Quote Link to comment Share on other sites More sharing options...
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