Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

valuations

  • 18-02-2009 8:45am
    #1
    bigsam
    Closed Accounts Posts: 55 ✭✭


    hi
    whats likely to happen to a consumer with undervaluations i see this happening a lot a moment..
    say for instance a depost was put down on a house when it became time to close the bank under values it..
    now in some cases the builder reduces his price ....but if they didn't and wanted purchaser to come up with the difference..
    if purchaser couldn't get the difference and could prove they couldn't whats likely to happen if it gets to court


Comments

  • #2
    Jo King
    Banned (with Prison Access) Posts: 2,139 ✭✭✭Jo King


    Judgment for the builder plus costs!


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Well, as I like to say "What does the contract say?"

    Some contracts are structured such that if funding isn't available, the buyer can pull out.


  • #4
    bigsam
    Closed Accounts Posts: 55 ✭✭bigsam


    I think contract is pretty much legally binding.....in this case im just wondering what could happen in court and do these cases go to court often....the money is not there to make up on the valuation


Advertisement