28 Apr 2011

A Tale of Two Cottages

We were asked to locate an individual and recover a shortfall of £50,000 following repossession and sale of the property by our banking client. Our only starting point was the property sold but following our motto of "Never Assume", we visited the property, "Rose Cottage", one of a pair of semi-detached cottages in rural Oxfordshire and a lady came to the door saying our man was not there, wrong address, he was next door.

Finding this strange we conducted further searches including recent planning applications and there we had our answer.
Once upon a time, he owned the whole house but when his business started to fail he divided it into two and the bank sold only half the security they had - he was still living in the other half!

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