Retired couple take daughter to court

A New Zealand couple sued their own daughter when she neglected to repay a house loan worth hundreds of thousands of dollars.

Trevor and Marian Warin loaned their daughter Colleen more than $350,000 since 1996 which she refused to pay back on more than one occasion.

Recently, a judge from the High Court in Wellington ordered Colleen to pay back the debt and her mother took to Facebook following the victory.

“Get a job and earn your own money,” the post read.

“You know who you are that have borrowed off us and have all these excuses as to why you (can’t) hold a job down and can’t pay your loans.

“You need to get jobs and borrow off the bank like normal people.

“Trevor and I are not a Bank.”

In 1996, the couple transferred the whole share of their property at Te Puke into their daughter’s name.

The court heard they received an acknowledgement she owed them $100,000.

Her parents also lent her more than $100,000 in 23 separate loans.

The final decision read: “Colleen argues that there was no agreement that they would be repayable upon demand. She says that the understanding with her parents was that she would only be required to repay the advances when her personal and financial position enabled her to do so.”

The Warins were awarded $367,903, plus interest and costs in the ruling.

Read more: Why needy adult kids could ruin your retirement

Would you sue your child if they failed to repay a loan?