Boambee pensioners await trial
DISCOVERING the man who ‘bought’ their house had been declared bankrupt eight months before he signed the sale contract has been a blow for Boambee pensioners Jozsef Pall and Rosalie Papp.
Mr Pall and Ms Papp are headed for the NSW Supreme Court on July 22 in an effort to reclaim possession of their house at 142 Ayrshire Park Drive, Boambee.
The cost of the legal fight virtually ensures they will have to put their home back on the market if they reclaim possession.
In May 2009, the couple exchanged contracts with Toormina businessman Theo Sourlos.
The couple accepted a $25,000 holding deposit on the $620,000 property and agreed on a six-month settlement period, during which Mr Sourlos would rent the main house and they would live in the small cottage on the 8000sq m site.
But the couple say while they were away visiting family, their possessions were removed, forcing them to stay in their car and a storage shed.
Mr Sourlos became bankrupt on September 15, 2008 and will be eligible for discharge on September 16, 2011.
Read more: Supreme Court to hear house row