Hi I am wanting to purchase a property at a mortgagees auction. The house has been under contract from a developer and they apparently delayed the settlement so the mortgagee took possession. The house has a caveat on it from the developer. People have told me the developer will have a legitimate caveat interest and has delayed settlement but apparently made a counter settlement so in effect they still want to purchase the property . I really like the house but I am worried about my legal position and other professional people said stay away from it as it will be a problem for you. What is my exact legal postilion should i run away from it , what are my risks?
NSW Should I buy this property
- Thread starter oldhen33
- Start date
Get proper legal advice.
This is not something you decide based on opinions received over the internet. Could be a good deal, could be a nightmare.
This is not something you decide based on opinions received over the internet. Could be a good deal, could be a nightmare.
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