Quote:
Originally Posted by caprala
Has anyone used the company who advertised in the inland magazine. They say they will purchase property at 85% - 95% of the agreed market v alue.
They also allow people to rent the property after they have sold it.
All info greatly appreciated. Just wondering if its a scam
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Hi Carprala ...
Dont know the company Im afraid as I havent seen a copy of Inland for some time now. What I would say is who "agrees" the market value ? If they "agree" a really low valuation, and then you only get offered 85% of that valuation - you may be taking a huge hit on your original investment or purchase price .... and depending on your outstanding mortgage (if you have one) it may be a bad and potentially dangerous route to take.
I remember some years ago there were quite a few companies in the UK offering this sort of thing (I was around in the last credit crunch whatever you want to call it! in the early 80´´s) and if I remember rightly a lot of people were conned or let down badly by it.
Of course this may not be the case here .... but make sure you do all you can to check it out if you decide to go ahead ..... and I wouldnt agree to, or sign anything without taking some independent advice in the meantime.
Sue
