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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 9074 days ago)

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