My LPA Receiver Sold One Of My Properties. There Was An Access Passageway To The Property And Before The Transfer, The Main House Was Transferred Another Title Leaving Me The Owner Of The Passageway On The Original Title. The AP1 Shows A Sale Price Of £10

My LPA receiver sold one of my properties (without the power of sale I later found out but another story). There was an access passageway to the property and before the transfer, the main house was transferred to another title leaving me the owner of the passageway on the original title. The AP1 shows a sale price of £101,000 but the TR1 and new title show a sale price of £94,995. The receivers insist they received £101,000. The receiver insists she received £101,000. I know something underhand has occurred but I can't work out what and I wondered if you have any ideas please?

5 Answers

The Receiver owes a duty of care to you (and not to your creditors) and acts as your agent. Demand a full explanation - she was party to the TR document; (NB TR1 is not the appropriate form to use in forced charge sales).
In any case if she has no power of sale, how did she sell?

The Receiver owes a duty of care to you (and not to your creditors) and acts as your agent. Demand a full explanation - she was party to the TR document; (NB TR1 is not the appropriate form to use in forced charge sales).
In any case if she has no power of sale, how did she sell?

She sold because the bank, Kent Reliance, conferred the power of sale in breach of our mortgage deed. She had 'sold' two properties before we found this out and went to court and won an injunction to stop her selling a further three which she had already put into auction. She had already 'sold' and transferred two properties and the Land Registry admitted they had made an error in accepting them. The bank stepped in and transferred the next three as mortgagees in possession and then sold the last three as mortgagees in possession.

I think the receivers became the banks agent and not mine once the bank got involved with transferring properties and selling as mortgagees in possession.

Once you find out you are in receivership make sure make an application to the court to stop any sell, of your property do a subject request for copies To know what agreement the lender and Receiver has, of your deed and title and evidences showing you signed in agreement with your mortgage deed as per appointment of Their recover never say it's yours

Sign up to the Land Registr yproperty Notification service, if they make an application you get notification and you can take action.

Also request that the lender provide you with details of all the information of mortgage deep information with regards to using a receivership