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LATEST NEWS & EVENTS Rogue property firms 'causing rise in debt recovery action'  Landlords are being forced to turn to debt recovery agencies for assistance after finding themselves victims of rogue property investment firms, it has been suggested. According to Landlord Action, an eviction specialist recognised by the National Landlords Association and the Residential Landlords Association, it has received a surge in enquiries in this regard in recent months as the recession puts pressure on businesses within the sector. "Some companies are struggling financially and are using investors' deposits to fund their business operations rather than holding funds on deposits to be returned if deals do not happen," commented Paul Shamplina, director of the firm. In some cases, firms are demanding they are paid fees upfront for properties based on over-inflated valuations. One example saw a female investor told a property was worth £100,000, with a rental income of £1,541 per month, when in fact it was valued at £72,000 and £375 respectively. 
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