While they were sleeping – $315,000 Home sold for $20,000!
Fully admit I didn’t train to be a lawyer so can’t say whether something like this could happen here, but unfortunately for these folk their credit card debt really came back to haunt them.
The Courier Mail reported last Sunday that a Brisbane couple who had a credit card debt of AUD$8000, had their AUD$315,000 home sold at a Bailiffs auction for the total sum of AUD$20,000. The kicker is the article reports the couple as saying they only found out about this after the auction.
The article says….
The first they knew about it was when the new owner, who had to pay the couple’s outstanding $220,000 mortgage, phoned them and said: “Get out.”
Legal Aid Queensland lawyer Catherine Uhr said the couple were not given notice of the auction in January.
“All this married couple got back from the $20,000 that was paid for their house was a cheque for less than $5000, because of costs,” said Ms Uhr, of the Consumer Protection Unit.
And these folk aren’t the only ones as the Full Story here tells.
Could it happen here?
May 16 2009 | Buyers and General and Sellers and Uncategorized | No Comments »
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