Property/legal advice on buying a house that’s about to go into repossession?
June 8th, 2010 by admin
Looking for a bit of advice as bank holiday weekend and cant contact anyone until tuesday. I have recently heard of a flat that is about to be repossessed any day now. Its my friend’s neighbour and she is still in contact with her. I was wondering if there is anyway i can buy the house before it gets repossessed, would suit me much better and stop the owner being black listed.
i also have a mortgage at the moment, would i need to sell that and have the money in before i could make an offer? And am i allowed to take my same mortgage deal with me?
I am really desparate for this flat but dont want to get my hopes up incase its just not possible. Im from Scotland if that makes any difference regarding laws.
Would be really grateful if anyone has any experience of this.
Thanks in advance
Quick House Sale
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