Serepisos’ mum’s house up for sale
A Wellington house belonging to Alliki Serepisos, mother of former bankrupt property developer Terry Serepisos, is for sale under order from the High Court.
When Stuff visited the Miramar house on Thursday, Terry Serepisos answered the door and said the matter was being ‘‘resolved next week’’.
His mother stood behind him while he answered questions.
‘‘General Finance won a case and she [Alliki Serepisos] still owes x-amount of money, which needs to be repaid, which is going to happen,’’ he said. Asked if the house would be sold she said: ‘‘No, it is not going to be sold.’’
However, Harcourts real estate agent Lou Newman said that he had been instructed by the High Court to continue with the sale.
‘‘No, they haven’t come to some arrangement yet according to the High Court. They’ve asked me to continue with the advertising and marketing.’’
However, Newman said that Serepisos may be trying to refinance, and wished them luck. ‘‘I hope they do, because it’s their home.’’
Serepisos said he was at the house because his mother was sick and he was looking after her.
He said he was aware the house was being advertised online, but was confident the debt would be repaid in time, stopping the sale.
In March 2018 General Finance won a battle against Terry Serepisos’ mother to claw back more than $250,000 it was owed in loan repayments.
General Finance sold Alliki Serepisos’ leaky Wellington apartment for $580,000 in May 2016 through a mortgagee sale, to recover costs from her loan defaults. But there was still money owing to General Finance.
At the time High Court Judge Rebecca Ellis said that Alliki Serepisos had borrowed nearly $500,000 and ‘‘made not one repayment under the loan’’.
Last year, General Finance went to the High Court seeking summary judgement to recover $295,000 from Alliki Serepisos over an unpaid loan secured by a mortgage it previously held over a penthouse apartment she owned, which Terry Serepisos, had been living in.
Associate Judge Warwick Smith ordered Alliki Serepisos to pay $50,000 and told General Finance it would have to go to trial to recover the outstanding amount.