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Fact And Fiction

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Leasehold, one mortgage - no MEW or other charges.

2004 - Rightmove historical price:

April 2004 - £122k.

2007 - Land Reg:

"stated to have been paid July 2007 £188k".

2013 - Rightmove historical price:

September 2013 - £135k (fiction - no sale).

2014 - confirmed mortgage balance: £162k.

This is now a repo - price unknown.

Total Bollox.

edit: dates and figures - double checked.

Edited by okaycuckoo

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? Why

There was a mortgage. If you stop paying a mortgage that still has an outstanding balance, the property gets repossessed. It doesn't matter if you have 10% equity of 90% equity. The process is the same. In this case the "owner" may actually get some money back once a sale goes through.

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Sorry, my point was meant to be that published figures are no guide to value.

Assess the quality, figure out what you can afford. Sadly, that has become the fiction.

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