Seller bankrupt

How to protect yourself from the bankruptcy of the real estate seller ❓

From October 21, 2019, the Codex on the Bankruptcy Procedure entered into force.  In this code, the procedure for bankruptcy for individuals was written for the first time, only Jurlitsa could be bankrupt.
And this means that the law - increased risks for buyers of secondary housing.

Consider the situation: Peter and his wife bought an apartment, and after it turned out that the seller was declared bankrupt and all his transactions were annulled.  It may occur within 3 years after the transaction.  Any deals of the seller in the process of bankruptcy are illegal, if the consent of the financial manager is not received.

How to provide all the risks when buying a housing?  And how to behave in such situations?

Tips from our lawyer Estate agent:

 ✅ Before making a deal, carefully check both the object itself and the seller.

 ✅ First you need to request and study in detail the state register of real rights to real estate.  Cosourcing should frequent transitions of property rights

 ✅ If you buy secondary accommodation in physical lard, you need to carefully analyze the situation in the family, the availability of work, etc.  It is important to assess its solvency

Finally, it is important to check whether the seller does not have unfulfilled monetary obligations and recognized bankruptcy.

In order to do not lose an apartment in the future and its money, there is a golden rule - trust the purchase of your apartment professionals.  Agree, it is impossible to save on such things.  It will be more expensive.

Lawyer Estate Agent accompanies our buyers at every stage of the transaction, making the process of buying real estate safe.

Tel.  📞 +380672420707.