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Contracts for Receiver Sale

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  • 27-06-2017 9:06pm
    #1
    lbyrne121
    Registered Users Posts: 206 ✭✭


    I was wondering if anyone in this post know or have been involved in a house being sold by bank through receiver.  We have signed contracts and paid the 10% deposit they have been sent back to be signed.  It has been 6 weeks today since we have signed contracts.  Our solicitor is emailing on a regular basis to their solicitors but they keep informing that "you will hear from us when we get contracts back".   My question I know it can take a long time but has anyone been in this situation?  and how long did it take to get contracts signed?

    I am just afraid that the receivers or bank no longer want to go ahead with sale.

    I would be greatly of any experience on this.

    TIA


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    #2
    Askthe EA
    Registered Users Posts: 724 ✭✭✭Askthe EA


    lbyrne121 wrote: »
    I was wondering if anyone in this post know or have been involved in a house being sold by bank through receiver.  We have signed contracts and paid the 10% deposit they have been sent back to be signed.  It has been 6 weeks today since we have signed contracts.  Our solicitor is emailing on a regular basis to their solicitors but they keep informing that "you will hear from us when we get contracts back".   My question I know it can take a long time but has anyone been in this situation?  and how long did it take to get contracts signed?

    I am just afraid that the receivers or bank no longer want to go ahead with sale.

    I would be greatly of any experience on this.

    TIA

    I work a good bit with receivers, theres no set answer unfortunately. Some are more organised than others.

    Bear in mind, a receiver is an actual person. He will have an absolute stack of paperwork that he has to physically sign for each individual case he has. Its a long process but fingers crossed it works out for you.


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