Buyers have to run the risk
Wilmott-Smith, Andrew
Buyers have to run the risk - 2009 - Estates Gazette (0924) 20 June 2009, 80-81(2) .
Sales by insolvency practitioners (IPs) (as defined by the Law of Property Act 1925), can provide good investments for investors and developers, but these sales differ from the more regular transactions. Buyers require careful guidance, in the context of risk, as the IPs will want to eliminate contractural risk as far as possible, and IPs as agents for the seller will not take on liabilities relating to the ownership of the property and the promises of the sellers will be worthless, but the IPs will not want to incur any liability either.
England and Wales--1543-
Buyers have to run the risk - 2009 - Estates Gazette (0924) 20 June 2009, 80-81(2) .
Sales by insolvency practitioners (IPs) (as defined by the Law of Property Act 1925), can provide good investments for investors and developers, but these sales differ from the more regular transactions. Buyers require careful guidance, in the context of risk, as the IPs will want to eliminate contractural risk as far as possible, and IPs as agents for the seller will not take on liabilities relating to the ownership of the property and the promises of the sellers will be worthless, but the IPs will not want to incur any liability either.
England and Wales--1543-