Hi all,
Slightly unusual question but it's genuine not a law degree what-if...
I am thinking about buying a house and having pulled the title there are joint owners. Having done some googling, one is in jail and the other is "on the run" whereabouts unknown.
I am presuming that as it's on the market, the owner in jail does have the ability to sell and communicate with the Estate Agent.
However on the title there are several RESTRICTIONS, namely "no disposition by the proprietor" except with written consent of a named DC at a named police station, the Proceeds of Crime unit, and a Finance Company. It's further complicated by the fact the Finance Company charge is against the other owner who is on the run.
Of course my advice to myself is "don't touch with a bargepole", but it's a lovely property and maybe these aren't the show stoppers that they appear to be.
I have not made an offer yet so don't want to involve my solicitor at this stage, just after some opinions if anyone here has dealt with a similar situation previously or has knowledge in this area.
Many thanks!
Slightly unusual question but it's genuine not a law degree what-if...
I am thinking about buying a house and having pulled the title there are joint owners. Having done some googling, one is in jail and the other is "on the run" whereabouts unknown.
I am presuming that as it's on the market, the owner in jail does have the ability to sell and communicate with the Estate Agent.
However on the title there are several RESTRICTIONS, namely "no disposition by the proprietor" except with written consent of a named DC at a named police station, the Proceeds of Crime unit, and a Finance Company. It's further complicated by the fact the Finance Company charge is against the other owner who is on the run.
Of course my advice to myself is "don't touch with a bargepole", but it's a lovely property and maybe these aren't the show stoppers that they appear to be.
I have not made an offer yet so don't want to involve my solicitor at this stage, just after some opinions if anyone here has dealt with a similar situation previously or has knowledge in this area.
Many thanks!
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