If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Using land as collateral

HazeDoll · 2023-05-28 14:49:36

Quick question. If a farmer was using land as collateral in order to get a loan would a solicitor always be involved? I'm not going to go into detail but a neighbour is trying to pull a fast one on me and he's making dubious claims about deals that were done in the distant past.

Options

Comments

Options
#32 29-05-2023 11:05am
mahoney_j

Registered Users Posts: 11,223 ✭✭✭✭

Join Date: October 2012

Posts: 11185

https://www.boards.ie/discussion/2058298271/using-land-as-collateral

Yes solicitor is needed ….if your getting a sizeable bank loan the bank will also have a solicitor act for them which u also pay for 🙄

0
Options
#33 29-05-2023 1:01pm
Base price

Registered Users Posts: 11,280 ✭✭✭✭

Join Date: January 2014

Posts: 11219

@HazeDoll - your solicitor would/should have conducted a legal search on the property prior to the completion of the sale. If the farmer has used the property that you purchased as collateral then it would show in the search and your solicitor would have advised you of same.

1