LJ Hooker franchise collapse: vendors in fear for their money

  • Property owners caught up in the collapse of six Melbourne LJ Hooker offices face mortgage defaults and serious financial pressures as the fate of millions collectively owed to them hangs in the balance.

Unsuspecting vendors, who say they sold their properties with LJ Hooker because of the company’s strong reputation, are awaiting further instructions from Consumer Affairs Victoria following a probe announced by the watchdog on Friday.

About 110 homeowners, landlords and tennants have been affected by the sudden closure of the Glen Waverley, Keysborough, Mount Waverley, Burwood, Doncaster and Box Hill franchises.

READ MORE VIA DOMAIN.COM.AU

Judy Thanh Truc and Joseph Ngo

Judy Thanh Truc and Joseph Ngo. Photo: Supplied

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