FINANCE brokers are holding battlers to ransom by stopping them from selling their homes.

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	FINANCE brokers are holding battlers to ransom by stopping them from selling their homes.

hotdoge3

5-21-2009 10:19 PM

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ransom-selling-homes

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/207b0804-bc1b-44e0-bbfb-77f026eb44d1/0A740FAB-D3C6-458E-A905-F3DB38C1413E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html" href="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html" style="font-size: 11px;">www.news.com.au</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><STRONG>FINANCE brokers are holding battlers to ransom by stopping them from selling their homes.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P>Struggling single mum Gabie Paulka says she was hit with a $4100 fee when she rejected a loan she could not afford. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P>And now she is blocked from selling her Gladstone Park house and barred from getting finance elsewhere until she pays the fee. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P>"When someone pulls you down like this you feel like you've been stabbed," said Ms Paulka, 44. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P>The unemployed bookkeeper turned to William Curry's Affordable Home Loans and Mortgage Advice in Westmeadows to refinance a home loan after falling behind in repayments when her marriage broke up. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P>She is fighting the brokerage fee and the caveat placed on her home in the <A href="http://www.vcat.vic.gov.au/CA256DBB0022825D/HomePage?ReadForm&1=Home~&2=~&3=~" target="_blank">Victorian Civil and Administrative Tribunal</A>, alleging she was misled and unfairly treated. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P><A href="http://www.consumeraction.org.au/" target="_blank">Consumer Action Law Centre</A> policy officer Zac Gillam said the detail was buried in contract fine print. "It is a form of blackmail that should be outlawed," he said. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com.au/heraldsun/story/0,21985,25518325-662,00.html"><P>Other cases include: </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0A740FAB-D3C6-458E-A905-F3DB38C1413E/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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