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| T O P I C R E V I E W |
| JaneJo |
Posted - 08 June 2012 : 20:54:35
Hello
I received some money after a bereavement, so with this I thought about buying another property, I Currently live in a 1 Bedroom flat and after looking around I found a nice one bedroom house, which would be a massive upgrade for me and I could buy with cash, then rent out my flat. which is mortgage free also.
I viewed the house a few times, before putting in an offer, and the lady owner excepted, then contacted a Solicitor and gave him all the information, a little while later I received a letter from them saying the house was co-owned and the second party had been made bankrupt and they couldn't continue, until this was resolved. - The Deed were in two peoples names -
I contacted the house seller, which she explained that she and her Ex, were both on the mortgage, but he was made bankrupt and she bought him out a year ago after they split up, but there seems to be a small issue that she need too sort out..
Its now been about 6 weeks I have phoned a few times and asked if things have been sorted, and she keeps saying any time soon, she is just waiting for him to sign something, and the mortgage people to transfer everything over to here.
This all seems very confusing, is this house a No go- ? or should I Wait.. |
| 3 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 09 June 2012 : 11:23:09
Sounds like a no go to me if you are desperate to move in soon - looks like it may well be viewed as part of the bankrupts assets despite her buying him out - maybe she didn't pay full market value for it. However, if you don't mind waiting it seems as though it will have to be sold. |
| year 2029 |
Posted - 08 June 2012 : 22:10:00
House purchase/selling can take time at the best of times and circumstances.
Maybe its worth a chat with your own solicitor to make sure everything is in order?
It may just be taking extra time with all the parties that are involved.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
| Niobe |
Posted - 08 June 2012 : 21:06:52
Hi,
Not sure how we can answer this one - I think you may need to seek further advice?
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
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