Walking away from an overseas property

neddy1970 | 07:54 Thu 22nd Oct 2009 | Civil

0 Answers

I have put a 20% deposit on an overseas property (in the EU) and now want to walk away from it. What are the chances that the developer will chase me in the UK for remaning amount. I have checked my contract and there is no exit arrangement. I have spoken to the developer and he has asked for 15% to exit - completely ridiculous!

I have done a fair amount of research and it seems that it is possible that he could pursue me, however that would take years and would be very costly and it is more likely that he will just keep my initial deposit - is this true.

To safe gaurd myself I have been thinking of transferring my assets into my girlfriends name. Is this a good option? Obviously I would want to ensure that she signed a contract to say she could not sell the property etc

does anyone know where to find info on bridle way/footpaths

forcing sale on jointly owned property

Answers

Best Answer

Nobody has yet answered this question. Once some answers have been given, neddy1970 will be able to select one answer as the best. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

There are no answers available for this question.

Do you know the answer?