kate2000 Posted August 3, 2011 Share Posted August 3, 2011 Hi, On considering our move to australia, we have come across several companies who offer to buy your house, even though it is in negative equity. We are about 10k neg equity on our house Has anyone used these companies and if so, are they safe?! thank you kate Link to comment Share on other sites More sharing options...
furkew Posted August 3, 2011 Share Posted August 3, 2011 I dont personally have experience, but have read a number of posts on this and other forums, and they are only of interest if you MUST sell your house. They are out to make a profit like any business is, so they are not going to offer you the market value for your house. They will probably offer 15/20% below market value maximum. Link to comment Share on other sites More sharing options...
Dawny Posted August 3, 2011 Share Posted August 3, 2011 These sort of companies were mentioned last year on watchdog and also on some web links, you get screwed over in more ways than one, type the name of the company into google followed by reviews you will get a fair bit of feedback, i would avoid using them after what i have read to be honest :wubclub: Link to comment Share on other sites More sharing options...
Chardy Posted August 3, 2011 Share Posted August 3, 2011 I wouldn't even get my bargepole out for em TBH ! Link to comment Share on other sites More sharing options...
kate2000 Posted August 3, 2011 Author Share Posted August 3, 2011 If thats the case that they buy 15-20 pc below market price, how does that solve your negative equity problems? Am i being stupid here? I just dont understand! Link to comment Share on other sites More sharing options...
kate2000 Posted August 3, 2011 Author Share Posted August 3, 2011 Just saw the other replies there - thank you!!!! Link to comment Share on other sites More sharing options...
thewebweazel Posted August 3, 2011 Share Posted August 3, 2011 I wouldn't even get my bargepole out for em TBH ! Honestly Chardy this is a Family site!:biglaugh: Link to comment Share on other sites More sharing options...
rammygirl Posted August 3, 2011 Share Posted August 3, 2011 Unless they pay you at least what you owe on the mortgage you are still in negative equity. So you will have no house and still owe money to the bank. Link to comment Share on other sites More sharing options...
Guest jmahood Posted August 3, 2011 Share Posted August 3, 2011 Hi,On considering our move to australia, we have come across several companies who offer to buy your house, even though it is in negative equity. We are about 10k neg equity on our house Has anyone used these companies and if so, are they safe?! thank you kate Kate, I have sent you a private message. Link to comment Share on other sites More sharing options...
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