RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Idiotic OZschwitz statists: Court knocks out Sheriff's repossessed 'illusory' $1000 home sale Thu May 10, 2012 1:01 am | |
| The Sheriff's sale of a repossessed house in Melbourne's west for $1000 — that was worth an estimated $630,000 — has today been overturned by the Victorian Supreme Court.
The five-bedroom, two-storey brick house in Wirraway Avenue, Braybrook, built in 2006 by owner Zhiping Zhou, was repossessed by the Sheriff in late 2009 after Zhou failed to re-pay a $100,000 debt.
He also had an outstanding mortgage of just under $460,000 and was in arrears by almost $8000 to Maribyrnong Council for his municipal rates.
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