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Even more confused

Posted: Sat Apr 20, 2019 10:13am
3 replies237 views5 members subscribed
133military

Posts: 6

3 helpful points

Location: Albox

Joined: 14 Apr 2019

Hi all,

Thanks to everyone for the advice reference to legal paperwork when buying a property,however still confused,how can a bank repossessed property still not have all legal paperwork,surely if the bank is now the legal owner they should have a legal duty to ensure all paperwork is correct.

I understand not to accept estate agents word and not to use their solicitors but if you find your dream property the way to proceed normally would to make a via the estate agents,are we saying not to make a offer until we have given property info to solicitor and had verification from solicitor that all paperwork is legal??

Seems like a minefield,don't under how the government has allowed it to happen?

BobL

Posted: Sat Apr 20, 2019 10:53am

BobL

Super helpful member

Posts: 2170

1225 helpful points

Location: Mojacar

Joined: 18 Aug 2016

Posted: Sat Apr 20, 2019 10:53am

Hi again,

Have no knowledge of Banks selling illegal properties or at least never heard of same.

Did you try Andy Voss re. Paperwork?

The only other suggestion to try & set your mind at rest would be to contact a Solicitor & explain your concerns.

I can honestly recommend Ana at Grupo Salvador in Mojacar.

There is a Spanish Law, I believe, that if you put down your 10% deposit with the Agent and then irregularity is discovered by your Solicitor you are entitled not only to return of your deposit but also a further 10% in damages. However over the years I have heard of buyers not obtaining this further 10% because of 'small print' in the Contract-which must legally be in Spanish. The estate agent should be holding your money in a 'Client's Acct.'

It is a conundrum!!!!!!

Let me know if you want Ana's e mail although ALO Services/  Amanda Oakley in Zurgena might be another.

Best wishes from a very wet Puerto Lumbreras.

Bob & Sandra

Michelle

Posted: Sat Apr 20, 2019 11:34am

Posts: 75

32 helpful points

Location: Purchena

Joined: 16 Feb 2017

Posted: Sat Apr 20, 2019 11:34am

Hi,we are in the process of buying a property and after us putting a 10% deposit down she flagged up that the property did not have any legal papers. Your 10% is protected because she didn’t pass this onto them but held it on our behalf. DO NOT use a conveyancer as they will not do thorough checks. We are using Angela Morales in Mojacar. Hope this helps :)

kenandval

Posted: Mon Apr 22, 2019 7:12am

Posts: 82

31 helpful points

Location: Albox

Joined: 28 Jan 2017

Posted: Mon Apr 22, 2019 7:12am

The banks have hundreds of properties after the crash. Paid 200k and then worth 150k.  People defaulted on their mortgages.   The banks do not have to make the property legal.  AFO excetera They just want the bad asset off their books.  People who actually sell their own property privately sometimes get all the paperwork in place. There are thousands of illegal properties that have no paperwork.  Quote a silly bid to the bank    They May bite.   Get a good honest lawyer and then start the process of making it legal.  It can be done

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