Aussie widow loses $140k home deposit to ‘insane’ rule

An Australian woman has had to piece her life back together after she and her partner were scammed out of $134,000 and then they had to forfeit an additional $94,000 from their house deposit because of a property deal that went terribly wrong.

Then in another tragic twist, her long-term partner died just a month later from cancer.

Emma Lees, from northern New South Wales, Australia has had the worst year imaginable.

“It’s just insane,” Lees told news.com.au. “I would never in a million years have thought I’d be in a situation like this.”

Lees, 46, and her late partner Geoff Shearman, signed a contract for a four-bedroom, two-bathroom house in New Brighton, near Byron Bay, in October last year.

They were expecting a large sum of money to come through from a $134,000 mining investment Shearman had made in 2016.

Geoff Shearman’s obituary in a local newspaper.

To tide them over in the meantime, they borrowed money from friends and family to pay the deposit.

However, the investment turned out to be a scam and they had to renege on the deal as they didn’t have the funds to complete the transaction.

As a result, the vendor was legally entitled to keep the couple’s house deposit and walked away with their $94,000 downpayment while also reselling the property within two weeks for $47,000 more.

The horror ordeal started in July last year when the couple learned that their rental property in New Brighton was going to…

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