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Response to Purchasing house that is soon to be repossessed??
from (clive.english@eds.com)
Hi Andy, despite not being knowledgeable regarding the law I can,
however, give you some details regarding my personal experience.
As an owner of a property which was repossessed in Jan 1997 I am still
being allowed to negotiate the sale of my flat. At the time of the
impending court case I was in the same position as yourself ie
thinking that if the court order goes in favour of the repossessor
then you have to call it a day. If I had known then that 18 months
later they had still not executed that court order then I would have
been in a much better situation financially (I could have rented it
out).
So, tell you landlord that winning the court order and actually going
ahead with repossession seem to be two different things entirely.It is
up to the landlord to find out if he can negotiate. Tell him to do so!
This is a very important point that I wanted to stress to you.
(posted 9722 days ago)
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