Review | 23 January 2017

Key Issues: 



Mortgage | Lender | Breach of duty in exercising power of sale | Failure to notify of arrears | Delayed settlement



Case summary
 





The consumer’s property was repossessed and sold by the FSP.

The consumer claimed that the FSP sold the property for less than market value, failed to consider higher offers for the property, and caused delay in the settlement of the sale of the property.

We found that the consumer’s complaint was not established. 

Follow this link for a full copy in PDF  Review | 23 January 2017

This case was referred to the Ombudsman for a Determination.