PHOTO: Fair Go joined the Gavan family as they spent nearly all their money on the fight to live in their home following a mortgagee sale. Source: Fair Go
A Stratford couple who spent over a year and $40,000 on lawyers to get possession of a house they already owned are warning about the pitfalls of mortgagee sales.
Penny and Michael Gavan excitedly purchased their first home in February last year. They paid $260,000 at a mortgagee auction.
But it took 15 months from the time of purchase until they were able to enter the property – with the help of five police officers and two bailiffs.
The trouble came when the previous owner of the house, Renee Searancke, refused to leave. He told Fair Go he believed the house wasn’t security on a mortgage.
WE DON’T ROAST OUR BEANS UNTIL WE HAVE YOUR ORDER
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