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longgone

Over 60`s Home For Life

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more scamming ?

Yup.......

  • When you die or move permanently into long-term care, the property reverts back to the company. If you have retained a percentage of the property’s value, it is sold and your share of the net sale proceeds is paid to you or your estate.

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FTAV are doing the odd artcile on liquidity - big thing at the mo. We are probably going to find out a lot of markets are as liquid as tar.

One todays is about We buy any house'

http://ftalphaville.ft.com/2015/08/11/2136995/we-buy-anything/

OAps got to a 'Well buy your house' company.

Get another of 100k.

Sales process kicks off.

Get close to exchanging and -poof! - offer reduced to 55k.

'The home sellers said that in theory it would be possible to walk away and reject the lower offer but they were already a long way down the process. They were also concerned that they would face solicitor’s costs if they did not complete the sale'

Hmm, £400 vs. 45K. Tough choice.

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