Er.. I dont think you understand, he owes me 85.5k and wrote me a letter to say that he would sign a charge on the property ( he already has 2 charges for mortgages ) so this would be a third, now he refuses to sign the charge order unless i give him an extra 30k as he has more debts to pay, there is not enough equity in the property.I have told him this but his answer is for me to pay more on top of the 30k to make the house more profitable. He has to have the money by the 23rd or he says he will go bankrupt and then cannot pay the mortgage on the property so in fact i have lost my money.
Please read the above i am really sorry to sound rude and appreciate that you are trying to help but this was explained in the first paragrapgh and I am sorry but I am desperately worried.
He is trying clearly to extort more money from me.
Please help me.
Thank you for your reply he is so desperate for money that he has agreed to sign the charge for 85.5k but he is convinced that I will not let him go under and is prepared to sign an extra charge on yet another form for the extra 30k.This is a dreadful situation as I am happy to let him sign the extra charge for 30k BUT i have no intention of sending that charge (30K) to the land registry as he a) does not have the equity in his property and b) I have no intention of loaning yet another 30k that I will never see again! I will however send the charge of 85.5k to the land registry as that is the exact amount that he owes me.
I feel very underhand doing this but he has extorted money from me and will continue to do so if I allow him to.
Could i get in trouble for doing this...as I am only charging the exact amount of money that he owes me not the further advances that he " expects" to get from me?
I look forward to a swift reply I am panic stricken dealing with this man.