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First time buyer Deposit on house purchase

shiggs · 2011-06-11 09:15:14

I was purchasing a house through an auctioneer and was advised to make the booking deposit cheque payable to the builder. The builder has gone into examinership. Any advice on where i stand?:mad:

11-06-2011 09:15AM

#1

shiggs

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Join Date: June 2011

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I was purchasing a house through an auctioneer and was advised to make the booking deposit cheque payable to the builder. The builder has gone into examinership. Any advice on where i stand?:mad:

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Comments

#2 11-06-2011 09:28AM

mari2222

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Did you give the cheque to the acutioneer to hold in trust for the builder? Presume you can ask for it back..........

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#3 11-06-2011 10:23AM

shiggs

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Join Date: June 2011

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was advised to make cheque payable to builder by auctioneer. handed in cheque to auctioneer who gave the cheque to the builder?

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#4 11-06-2011 10:25AM

juke

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The deposit may be protected if the house was registered with HomeBond or Premier. Ask you solicitor.

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