Hi helpers,
i have a dilemma.. my parents' immediate neighbours house has been repossessed as the landlord had failed to repay mortgage payment to the lender. the current occupiers were renting the house, but they have been chucked out as the bailiffs have locked the house. the normal procedure is that the house will go up for auction, but i ideally want to purchase it before it does- so that i can live next door to parents - free childcare etc(!). how can i find out who the mortgage lender is? do parents have first refusal - being the neighbour? the landlord had given the house to the local council to rent out to DSS people etc. what do i need to do, as i know if another property developer type person takes over (like the last one), the house will be in disrepair as its not really taken care of... PLEASE HELP!
2007-03-11
00:50:14
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3 answers
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asked by
wuman22
3
in
Renting & Real Estate