Please can anyone advise me. I am currently purhasing a house alone, I have had it surveyed and the surveyor found a problem with damp. He advised me to get quotes, and then ask the vendor to reduce the purchase price to an agreeable amount between us. I have done this and await a response. In the meantime I have contacted my solicitor who is dealing with the house purchase regarding some internal alterations which have been done. She has replied stating that she will ask the vendors'' solicitors the questions, but doubts she will get a good response as the vendor is selling as a trustee in bankruptcy. What does this mean, and what does it mean to me as a buyer? Thank you so much in advance for any help given.
Thank you so much, so does that mean that the lady living in the house doesn''t now own it, that it is part of her bankruptcy, and therefore the court dealing with that will not reduce the price. She is offering to get her family members who she claims are builders to do some of the work, but I was wary of that as there are builders, and there are builders if you see what I mean. I want this work doing correctly with a guarantee.
The point is, as I think you recognise, that if the owner of the house ( whoever it happens to be ) is bankrupt, then the seller is the trustee and not the person who happens to live there. So any negotiations must be with the trustee, not with the occupier.