And when you get off the phone from the Five-o, post details here :pop:
The keyboard warriors will give the agents responsible a good interweb beating.
I shall wait and see, whether I will have to do that, even though he has thrown 'sand into my rice bowl', I hate to do likewise. I will be more interested to publicize the issue, so that others who have to make use of the services of a real estate agent will be wary. While there are many ethical agents acting professionally but if you happen to be involved with just one unethical element, whatever you have built over the years would be gone.
Consequently, I have lost my home and all my other assets, all up totalling more than $2.0m. Eventually, I hope to be fully compensated.
ausinga - I'm not a lawyer, but if you discuss any details online, it may predjudice your case if it comes before the courts at a later date.
Lawyers know how to perform a Google search, and nothing is hidden. Any case similarities would be picked up, and internet forums may be compelled to divulge login details etc if faced with a court order.
I would consult a solicitor before you discuss details.
Any expressed market opinion is my own and is not to be taken as financial advice
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
go to fair trading NSW. they have the power to de register and prosecute.
Yes, I went to the Office of Fair Trading, not to lodge a complaint as with regard to the unscrupulous real estate agent's attempted 'robbery' over my home. I had reason to believe, before the property was put to auction by this real estate agent, he was trying to sell to a certain buyer of his choice, my home at below land-value. It was thwarted, on the eleventh hour.
I managed to get my home refinanced and paid-off my lenders the total amount owing, principal plus arrears. As a result that I was deliberately black-listed by my lenders, I managed to get a home-loan from 'a lender of last resort' and I had to pay a hefty interest of more than 20% per month. After getting the refinance, I was willing to let sleeping dogs lie. More important to me, I hate to lose my home and the whole family would have nowhere to go. My two sons were still schooling.
Just after the refinancing, the real estate agency, where the unscrupulous agent works, sent me the auction campaign advertising bills, amounting to approximately $8 600.00. I refused to pay and they chased me, like a greyhound after a hare.
I brought the issue up to the attention of the Office of Fair Trading and they called-up for my file. Subsequently, they also called-up, the agency's file.
The officer in charge of the matter contacted me, asking me for an explanation as to why the photocopy of my auction agency agreement shows an appraisal of $1.5m, while the photocopy of the auction agency agreement, submitted to the OFT by the real estate agency, shows an appraisal of $1.3m - $1.5m. I informed the officer, I could not understand the reason and asked her, whether I would be obliged with the controversial photocopy, sent in by the agency. Due to the secret act or something to that effect, I was not allowed access to the document, unless I would be willing to apply for it under, the Freedom of Information act. I was not interested to apply, since I was mentally very tired.
Since English is not my first language and my spoken English is sub-standard, I engaged a lawyer to represent us at the OFT Hearing. The legal fee of $300.00 was reasonable. Our application not to pay the auction campaign bills was upheld, since the real estate agency was trying to make use of the OFT to be their bill-collector. The respondent however could still pursue me in the Courts in NSW. The OFT suggested that complainant and respondent be privileged to have a conciliation conference in a private room in the OFT offices.
During the conference, the respondent was willing to accept 50% of the $8 600.00, which they were trying to claim from me. I told them, I was willing to see them in Court. I was not willing to pay even one single cent. During the conference, I had a glimpse of the controversial auction agency agreement, showing an appraisal of $1.3m - $1.5m. I could not make it out, how it could have happened. My signatures and that of the agent's are all there.
After this event, I was advised to bring the matter up to the Tribunal, so that the respondent would not be able to pursue me in Court, to claim for the $8 600.00. We intended to make use of the lawyer but he was going to charge us $4 000.00. We could not afford and decided to attend the Tribunal Hearing on our own, despite the fact we were inexperienced and also, our standard of spoken English is far below the standard of those whose first language is English.
Prior to the hearing, we were privileged to inspect the real estate agency's file and from there I picked several documents, unseen by me before this. Of pertinence, I managed to get a photocopy of the controversial auction agency agreement, showing an appraisal of $1.3m - $1.5m. When I went home and had a close look at that document, I realized it was falsified.
At the Tribunal Hearing, our application, not to pay for the auction campaign advertising bills, was dismissed. I could not blame the Tribunal Member for his order that I pay up, since my spoken English is wanting.
At the Hearing, I brought up the matter of the falsified auction agency agreement and the OFT promised to investigate the allegations. Of course, the unscrupulous real estate agent, under oath, denied the allegations and lied, all the way through the proceedings. I am still keeping the official audio-recording of the Hearing and had it transcribed by a reputable concern.
After some while, when I did not get the investigation reports pertaining to my allegations of the falsified contract, I applied for its copy from the Office of Fair Trading. I was denied under the FOI act. My appeal to get the reports was dismissed and the reason given is, if the reports were given to me, I could make the contents public and the interest of the real estate agency will be adversely affected.
ausinga - I'm not a lawyer, but if you discuss any details online, it may predjudice your case if it comes before the courts at a later date.
Lawyers know how to perform a Google search, and nothing is hidden. Any case similarities would be picked up, and internet forums may be compelled to divulge login details etc if faced with a court order.
I would consult a solicitor before you discuss details.
I am thankful for your advice and really appreciate it.
Whatever I discuss in this forum, I shall produce same, in the event the perpetrators drag me to the Court, to sue me for defamation of character.
The Courts in Australia, from my personal experience, are fair, just and beyond any doubt, honorable.
I have documentary evidence of the original contract in my possession. He holds the falsified version and sent its photocopy to the Office of Fair Trading.
The auction agency agreement that he and I signed contains a few duplicates (two or three), I think. The original stating '1st copy: Agent's copy', belongs to the real estate agent. The first duplicate stating '2nd copy: Principal's copy', belongs to me.
I photocopied the agreement stating '2nd copy' and sent it to the Office of Fair Trading. In my photocopy to OFT, on the front page, the appraisal says, (A) $1 500,000.00, (B) there is no fax number of my solicitor, (C) after my signature there is no date.
The real estate agent photocopied the falsified agreement stating '1st copy' and sent it to the Office of Fair Trading. In his photocopy to OFT, on the front page, the appraisal says, (A) $1,300,000.00 To $1,500,000.00 (B), there is a fax number of my solicitor, (C) after my signature there is a date.
What the OFT got were to photocopies, one from me and another from the real estate agent. They should be a faithful mirror-copy of each other, without any addition or subtraction.
On the back pages of his and mine, there is my signature. On my photocopy to OFT, my signature is (D) 1.75cm away from the margin and (E) undated. On his photocopy to OFT, my signature is (D) 4.0cm from the margin and (E) dated. Again, they should be a faithful mirror-copy of each other.
Other glaring discrepancies on the front page can be detected, with the naked eye.
When this incident took place, the real estate agent has had 25 years of experience behind him. If he is a newbie, there is every reason to give him the benefit of the doubt.
OMG! My family and I had to endure lots of stress, strain and uncertainties. All our excellent credit ratings went berserk and I had to sell all my vintage watches and fountain-pens, collected over the years, in order to survive the onslaught.
We kept on hoping and praying, the Almighty God will produce miracles for us. God answered our prayers and on Australia Day, January 26, one of the solicitors managed to get a loan broker to give us a call and said that, he had managed to get us a refinance albeit at a very exorbitant interest rate of more than 20% per annum.
Even though it was a home-loan refinance, we were compelled to sign it as a 'business-loan'. Take it or leave it and I had no choice. If I were asked to jump from the tenth floor of a building, so as to get the refinance, I would have done so, without thinking of the consequences, as long as, I did not have to succumb to the demand of our lenders.
Our lenders gave us time to sell and even till on the eleventh hour, to a certain degree they were quite co-operative and waited for us to get the refinance to pay them off. I have reason to believe there could be an element behind the scene, trying to sell our property, grossly under land-value.
I now pray, whatever had befallen us will not happen to anyone else. Of course, there are many very professional and ethical real estate agents, around. However, if one callous one is enlisted, that will be the end of the world and the whole future of a family, can be totally wiped out.
I am certain the issue we encounter is of public interest. It is the most expensive lesson, I have learned. The only consolation I have is, I still have my beloved wife and my two sons, squatting under the same roof. God is great, despite the fact we had nothing left in our bank account to prove that we are capable of paying a rental, an honest and gentlemanly real estate agent, helped us out. If the matter is brought to the Court, I will surely mention his name and also, his agency name to the world. Without his kindness and considerations, the family would be living on the footpath, for a long while, already.
All the assets built over the years are now gone. It is hoped, God willing, there will be a light at the end of the tunnel.
I managed to get my home refinanced and paid-off my lenders the total amount owing, principal plus arrears. As a result that I was deliberately black-listed by my lenders, I managed to get a home-loan from 'a lender of last resort' and I had to pay a hefty interest of more than 20% per month.
Why were you in arrears with your mortgage payments? Who are these lenders that have blacklisted you and why can't you refinance with one of the major banks?
OMG! My family and I had to endure lots of stress, strain and uncertainties. All our excellent credit ratings went berserk and I had to sell all my vintage watches and fountain-pens, collected over the years, in order to survive the onslaught.
We kept on hoping and praying, the Almighty God will produce miracles for us. God answered our prayers and on Australia Day, January 26, one of the solicitors managed to get a loan broker to give us a call and said that, he had managed to get us a refinance albeit at a very exorbitant interest rate of more than 20% per annum.
Even though it was a home-loan refinance, we were compelled to sign it as a 'business-loan'. Take it or leave it and I had no choice. If I were asked to jump from the tenth floor of a building, so as to get the refinance, I would have done so, without thinking of the consequences, as long as, I did not have to succumb to the demand of our lenders.
Our lenders gave us time to sell and even till on the eleventh hour, to a certain degree they were quite co-operative and waited for us to get the refinance to pay them off. I have reason to believe there could be an element behind the scene, trying to sell our property, grossly under land-value.
I now pray, whatever had befallen us will not happen to anyone else. Of course, there are many very professional and ethical real estate agents, around. However, if one callous one is enlisted, that will be the end of the world and the whole future of a family, can be totally wiped out.
I am certain the issue we encounter is of public interest. It is the most expensive lesson, I have learned. The only consolation I have is, I still have my beloved wife and my two sons, squatting under the same roof. God is great, despite the fact we had nothing left in our bank account to prove that we are capable of paying a rental, an honest and gentlemanly real estate agent, helped us out. If the matter is brought to the Court, I will surely mention his name and also, his agency name to the world. Without his kindness and considerations, the family would be living on the footpath, for a long while, already.
All the assets built over the years are now gone. It is hoped, God willing, there will be a light at the end of the tunnel.
I would love to discuss your vintage watch collection (Any W & D or Patek Phillipe, Cartier) but perhaps we should leave that for another day.
You will be black listed with your old lender, and perhaps any subsidiary of that lender, but I suspect that they didn't record a default on your credit file. Check that at Veda and Dun and Bradstreet, it will be worth the small cost to get that information.
You won't have a problem with a mortgage insurer because your LVR was below 80%.
You had to sign that declaration that your loan was for business or investment purposes because the short term lenders don't want to deal with retail borrowers, it means extra hassles and compliance issues for them. You signed the form, so you can't take that back, still it was what you wanted at the time - but seriously 20% per month is a financially suicidal rate of interest. That is on the highest rate available, it is usually cheaper than that - I advise people to avoid them like the plague, but they have their uses at times.
I sense that your from a culture where borrowing and paying interest is not part of normal day to day activities. How did you ever end up in this position? Even we crazy westerners know there are limits.
If there have been no defaults recorded, just avoid the lender that you used - it's no big deal, and you will recover without too much of a problem. If there has been a default recorded, choose a specialist to remove the default - don't let just anyone touch your case.
Best of luck.
Any expressed market opinion is my own and is not to be taken as financial advice
Why were you in arrears with your mortgage payments? Who are these lenders that have blacklisted you and why can't you refinance with one of the major banks?
I was running a very lucrative business, till a family-friend asked me to set-up another, an internet-cafe for her. Half-way through the renovations which I did on her behalf, she decided not to pursue with the business. I had to take over her 'baby' and neglected my own business. I then decided to sell-off our home and down-grade, so as to salvage the shop that was undergoing renovations.
My lenders are a huge and reputable establishment in Melbourne. I defaulted in November and two months after, on January I put the house on the market. I spoke to our lenders and they agreed to allow me to postpone my monthly installments and pay-up the principal plus all the arrears, when the house was sold.
An agent got me a buyer for $1.4m, from his hit-list. I declined. I wanted $1.6m for a quick sale, since a year before, the house was valued at $1.8m by the Melbourne lender's valuer.
I approached another agent, he got me $1.2m, after putting only two classified advertisements in the Saturday issue of 'The Sydney Morning Herald'. I declined this, also.
Apparently, despite the default, from November to the first week of August, we were not black-listed by our lenders. Approximately two weeks after the auction while the property was on the market looking for a private treaty-sale, we were black-listed, shortly after I told the unscrupulous real estate agent, if he could not get us another buyer with a higher offer, we could always refinance. However, we did not attempt a refinance, since we had made up our mind to just sell off our home and down-grade.
When it could more or less be proven based on circumstantial happenings that the agent was not honest and our lenders had executed his warrant to repossess our home and it be sold to the callous real estate agent's buyer, we decided to refinance. All other agents we approached to get us a buyer, claimed our house was 'already overexposed'.
Please follow the following scenario.
Coincidence 1
The unscrupulous and callous real estate agent (we call him 'Peter', not his real name), with 25 years of experience (according to his boss, at the Tribunal hearing, sometime in December the following year), working for one of the most established and oldest real estate agencies with franchise offices Australia-wide and maybe outside of Australia too, was made aware that I was offered $1.4m by a real estate agent. It was declined. Later another agent got us an offer of $1.2m, after he casually advertised twice on the Saturday issue of 'The Sydney Morning Herald' classified advertisement. This offer was declined, too.
I told Peter, I wanted my property to be sold for $1.6m. He appraised the property at $1.5m. He assured me, at an auction with a little bit of luck, he could get for me more than $1.6m, which I wanted. On a good day however, our property could be sold at the auction for $1.8m or more, he reiterated.
I told Peter, I was desperate to sell the property, quickly. He asked me for the reason and I explained to him my financial situation. I had defaulted on the monthly repayment. I informed him, I had spoken to my lenders in Melbourne that I have put my home on the market. Meanwhile, I would stop, servicing the loan and would repay the full amount of the loan plus arrears, when the house was eventually sold. The lenders obliged me.
Peter told me, since I have already defaulted for such a long while (7 months), very likely the lenders might foreclose on our house, any time. It is advisable for him to contact our lenders and explain that our house would be put to auction and he would ask the lenders to give us and extended period, to sell the house. He advised me, it was better for the real estate agent to speak to them, rather than the vendor, since the words from an agent carries more weight. Without the extension sought from the lenders, if the house was repossessed in the middle of an auction, every one would lose time and money.
I never experienced this, before this. The real estate agent instilled fear into my head.
At the top of my head, I was more interested to sell our home quickly and repay the loan plus arrears. With a little bit of luck, the extra money could be used as a deposit, for another small family-home.
Peter filled up an agency agreement, showing an appraisal of $1.5m and asked me to sign on the front and back pages. Just before he left, he asked me to sign another contract in blank and with nothing written on it, on the front and back pages, too. I remember his saying to me, 'to make my boss happy' and off he went.
Peter had his reason for appraising our property at $1.5 million. He pre-planned and engineered a scheme, before the agency agreement was even signed. Deliberately he appraised my property at $1.5m, so that he could the figure '5' to look like '3', which he did down the track and admitted, when cross-examined by the Tribunal Member of CTTT/Fair Trading.
He swore on oath at the Tribunal Hearing, there was one contract ever issued and signed by him and me. He profusely refuted my allegations that I was asked to sign two contracts, one fully filled-up and another in blank.
Coincidence 2
Despite a relatively short period of the 'open-house' inviting potential buyers to inspect the property, there were 79 lots of people coming down to inspect our property and 11 contracts were issued. Ironically, Peter reported to us, the interest on the property was below expectation.
Of pertinence, there were two offers, one from Matt (not real name) for $1.15m and another from Goran (not real name) for $1.2m, despite the fact Peter appraised our property for $1.5m.
Some while before the auction, Peter pressured us to sell our property to Matt for $1.2m with a 5% deposit and a delayed settlement. I asked him to speak to my lenders, whether or not they would agree to a delayed settlement, apart from the fact I told him, I would not sell our property for $1.2m definitely, since with the delay, I would incur more arrears. He advised me, it would be a waste of time, going to the auction and we should just sell to Matt.
On the auction night, the auction was sabotaged and there was not even one bid.
Coincidence 3
After the auction was over, we asked Peter to open the house for private inspections and he did. Only when asked, he said there was no interested party at all and he suggested, we should just sell it to Matt, unless we wanted to see our property repossessed by our lenders. Contrary to what he said, our lenders were kind enough to allow us to take our time to sell our property and subsequently repay them the full amount of the home-loan plus the arrears. All along he claimed that he wanted to help me out. I did not doubt his assurance.
Hardly a week after the auction, again Peter pressurized me to sell to Matt. I put my foot down and told him blankly, if he could not get us another buyer, we could always refinance and pay-off our lenders. He told us, we would not be able to, since we had defaulted for more than three months and we would have already been black-listed by our lenders.
I was not aware, whether or not we were black-listed, since we had made arrangement with our lenders that we would not service the monthly repayment and once the house was sold, we would repay out loan plus the arrears. The lenders have acceded to our request and gave us time to look for a buyer.
Hardly a week after I informed Peter that if he could not get us a buyer, we could always refinance, we were black-listed by our lenders. I came to know about this, when we tried to get a refinance, some time in December, approximately four months after the auction.
Surprisingly, for seven months after defaulting, we were not black-listed by our lenders. Hardly a few days after informing Peter that we could always refinance and pay-off our lenders, we were black-listed.
Coincidence 4
Peter came back to inform me that Matt was willing to increase his offer from $1.2m to $1.25m, after I told him that at $1.2m, our solicitor had said, we could not even settle. Peter informed me, the asset-realization officer of our lenders was willing to write-off all of our arrears, pay-off the agent's commission, pay-off our arrears with the council and also, take care of our 2nd mortgagee. However all this would happen, if we agreed to move out of the house, prior to settlement. I told him, we would not want that condition - moving out of the house. We would sell and take all the perks. After settlement only, we would move out. He said, we had to move out first and then settled. Otherwise, the asset-realization officer would not agree.
A few days after I told Peter, we refused to move out prior to settlement, we received a Statement of Claim from the NSW Supreme Court, lodged by our lenders, demanding that we repay our loan plus all arrears. We were given 28 days to file a defense.
Coincidence 5
Since Peter had only one buyer in Matt who was willing to pay only $1.25m, we decided to enlist another agent. We gave to this new agent an exclusive sales agency, after Peter's exclusive auction agency agreement with us, had expired. We informed the new agent, in view of the urgency, we were willing to sell for $1.45m. Peter was then informed and he threw tantrum.
Hardly three or four days after that, our solicitor rang up and said our lenders wanted to send a valuer to value our property. Furthermore she said, Peter wanted to be present to show the valuer around.
The valuer came alone and was impressed with our property and he told my wife, our property should have a value in the high $1.0m. Just before the valuer left, Peter came and overheard the conversation and interrupted.
Peter influenced the valuer to value our property low, so that the asset-realization officer of our lenders would allow the property to be sold. He told the valuer to help me, since I was in financial distress. Unknown to us, with the low valuation, our lenders will be able to force us to sell the property to Matt for $1.25m. Later we also learned, when our property was valued low, it would also give the lenders the opportunity to seize our home, since there would be no more equity left.
Coincidence 6
The new agent got us a buyer Goran for 1.3m and the asset-realization officer of our lenders approved the sale. Goran happened to have inspected our property during the auction campaign and according to Peter, he offered only $1.15m. The asset-realization officer informed our solicitor to go ahead with the sale to Goran for $1.3m and the sales commission would be divided equally between the two agents.
The new agent gave to Peter a conjunction sales agreement and he signed it. Peter's boss agreed the commission be divided between the two agencies of 50% each. I was not made aware of the progress of the sale.
Later on the same day, Peter rang me to say, his buyer Matt was willing to increase his offer from $1.25m to $1.3m to match Goran's offer of $1.3m. I profusely refused to accept Peter's demand to sell our property to Matt and even told Peter, I was willing to give to his agency full commission. He said, it would be illegal for him to receive that commission, if Matt was not the buyer.
He then asked me for the reasons and I told him, Goran made the offer first and I had to give him preference. Furthermore, Goran was an investor-buyer and he was willing to lease-back the house to me, on a long-term basis. Peter questioned my ability to pay the bond and also, the weekly rental. I was oblivious to the fact that my solicitor and Goran were progressing well with the sale. On top of this, the sale was approved by our lenders. Had I know all this, very likely I would have told off Peter, to disappear since his boss had agreed to the sale and achieve half commission.
Hardly a few hours after this telephone call, the asset-realization officer, obtained a Court order to repossess our property. He back-flipped on his earlier decision, allowing the property to be sold to Goran and the commission be shared between the two agencies. The asset-realization officer contacted our solicitor, informing her the sale had to go to Matt and I was not allowed to deal with other agents, except Peter. On top of this the officer stressed in his email to my solicitor, he did not want me to remain in the house, whether or not I was given the opportunity to lease-back. If I refused to sell to Matt, our lenders would repossess our home.
We just refused to sell our home to Peter's buyer and we managed to refinance our home at an extremely high interest rate of more than 20% per annum, since we were already black-listed. Even towards the 11th hour, we asked our lenders to give us an extended time, so as to finalize our paper-work for the refinancing, our lenders acceded to our request, though after the intervention of the NSW Supreme Court. The Courts in Australia are just exemplary and there is no doubt about this. Unfortunately, a casualty of victimization, once trampled by the unscrupulous elements, could hardly find enough money to survive and taking the issue to go to Court to get genuine justice, is only a wishful thinking.
We tried to forget about the unethical conduct of Peter and tried to carry-on with life.
Unexpectedly, Peter's real estate agency sent us the auction campaign adverising bills of approximately $8 600.00. Despite a reminder, we refused to pay and applied to the Office of Fair Trading, to dismiss the demand. I brought the matter of the two contracts, one fully filled-up and another in blank, to the Tribunal Hearing.
In view of my very poor spoken English and I could not explain the circumstances of our predicament in depth, my application not to pay the auction campaign advertising bills was dismissed. I could not blame the Tribunal Member for his order. The Tribunal Member promised, the relevant authorities would investigate my allegations that Peter asked me to sign two agency agreements, one fully filled-up and another in blank.
Ironically, despite the order from the Tribunal Member that I pay-up the bill of $8 600.00 till today, six years after the real estate agency has not sent me a letter of demand to recover their advertising bills. This is indeed, very strange.
(All posts, this and before, by me are Without Prejudice. They are meant for educational purposes only.)
I would love to discuss your vintage watch collection (Any W & D or Patek Phillipe, Cartier) but perhaps we should leave that for another day.
You will be black listed with your old lender, and perhaps any subsidiary of that lender, but I suspect that they didn't record a default on your credit file. Check that at Veda and Dun and Bradstreet, it will be worth the small cost to get that information.
You won't have a problem with a mortgage insurer because your LVR was below 80%.
You had to sign that declaration that your loan was for business or investment purposes because the short term lenders don't want to deal with retail borrowers, it means extra hassles and compliance issues for them. You signed the form, so you can't take that back, still it was what you wanted at the time - but seriously 20% per month is a financially suicidal rate of interest. That is on the highest rate available, it is usually cheaper than that - I advise people to avoid them like the plague, but they have their uses at times.
I sense that your from a culture where borrowing and paying interest is not part of normal day to day activities. How did you ever end up in this position? Even we crazy westerners know there are limits.
If there have been no defaults recorded, just avoid the lender that you used - it's no big deal, and you will recover without too much of a problem. If there has been a default recorded, choose a specialist to remove the default - don't let just anyone touch your case.
Best of luck.
We were black-listed with Baycorp Advantage, hardly a few days after I put my foot down and told the real estate agent, if he had only one buyer all along, we could always refinance.
We tried getting a specialist company to remove the black-listing but it was a waste of time and money that we had to borrow. When down and hopefully not out, you will be surprised at the number of vultures hovering above my head.
The last borrowing from the 'lender of the last resort' was just to make sure, we did not lose our home to an academy-award actor, always pretending to help us out with our grievances. I agree the interest rate was suicidal. We had to rely on our lawyer to get us that loan. He did approach other reputable lenders but it was not successful, since time was also against us.
We borrowed, not that much, from our lenders in Melbourne, since our business was doing fine. However, when I tried to help out a family-friend, who wanted to start her own business and subsequently, when she back-flipped, i decided the best solution was to sell our home and down-grade. I did not realize, I gave my trust to a wolf in a sheep's clothing, who regularly claimed that he wanted to help me out.
Regarding vintage-watches, I was more into Patek Philippe, Rolex, Omega, Longines and Girard Perregaux, etc, as well as, some other lessor known brand-names like Cyma, Eterna-matic and Bulova, etc. I just love watches, since a tender young age and I would pick up anything, as long as, the dial and case sing to me. Unfortunately, I never owned any W & D, Cartier, Audemars Piguet and Piaget, etc., though are very lovely watches.
It is hoped, those who have to get involved with real estate agents, as a buyer, seller or tenant, be wary at all times, even though most real estate agents are professional and respectable.
(Without prejudice. Posted for educational purposes and to fore-warn other vulnerable parties, only.)
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
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The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
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