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It is different this time

Btl To Be Auctioned

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http://forums.moneysavingexpert.com/showthread.html?t=546124

Please help. Am desperate 4 guidance. have been adviced that my flat, which I rent out is due to be auctioned by receuvers on the 12th sept. Have just found out thatreceivers were involved on the 3rd.

Have managed 2 get an agreement in principle 4 a remortgage, but that wouldn't complete till end of month at earliest. Also, this is at 7.09 rate due to bad credit.

don't know what 2 do as feel l should have been given more notice. alsohave tenants in flat and feel responsible 2 them.

how does the auction work, would they put a reserve on property. flat is definitely worthmore than they want. but so confused, can they really move so quickly

any help gratefully received.

go to auction and buy it back if that helps :lol:

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I call troll.

When I think why someone might be motivated to do that its a bit scary. I guess its someone so bitter that they are trying to scare BTL LLs. This is what could happen to you. Obviously just posting it from their own point of view would be dismissed so quickly it wouldnt be worth it. So they create a new account and pretend its happening to them.

I would suggest after the literacy course, they seek medical help. To be that bitter isnt healthy.

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