A FAMILY could be evicted from their dream home because of a £25,000 debt belonging to someone else.
Linda Graham and John McMurdo may even be homeless by Hogmanay because the previous owners of their home failed to pay the massive debt.
The devastated couple also claim that their own solicitor has made a major blunder by failing to pick up on the debt tied to the house they bought in September 2006.
The law firm have now dumped Linda and John via email and a senior partner refused to speak with them because he had a sore throat.
Macintosh and Wylie were employed by Linda and John to handle the purchase of the two bedroomed house in Auchinleck.
But it seems that the firm didn’t discover the huge loan which is secured against the property by its previous owner. After trying to remedy the problem, the Kilmarnock based firm eventually confessed the error to the unsuspecting couple a few weeks ago.
Linda said: “They very much played it down and told us it was nothing for us to worry about.
“They said that in the worst case scenario, it was their fault and that their insurance would cover it.” read more
But, to the couple’s horror, they received a writ from Ayr Sheriff Court last week saying that bailiffs will be coming to take possession of the house as early as December 31
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. A mortgage loan is a secured loan in which the collateral is property, such as a home.
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