Buying House from Bank???

clones1980

Hi everyone. Hope this is the right place for this.

I have been looking at this beautiful dormer bungalow in the countryside for the past 3 years. When I first seen it I thought it was a "brand new" house. Today this house is completely overgrown with trees starting to grow up against the house. I started to do a bit of research as to who owns this house in order to buy it. I checked with the PRAI, the estate agent that had previously advertised it a number of years ago and with the neighbours. No one seems to know who owns this house "except to say the banks own it". I checked with my local planning office who confirmed the house was actually built about 7 years ago and not 3 years like I presumed. I contacted the builder who applied for the planning permission but he told me he sold it and that was as much as he could tell me. I contacted the local Gardaí. they don't know either and had themselves made enquiries regarding ownership. I rang NAMA, they say its not there's. I rang most of banks (none of which seem to know whether they own it or not). Is there any way of finding out who owns this house. I would love to buy it so much.

Also one neighbour told me that the person who owns the land doesn't own the house. This doesn't sound right to me. I presume if someone built a house on someone elses land then the land-owner would automatically own the house.

johndaman66

clonesbabe wrote: »

Also one neighbour told me that the person who owns the land doesn't own the house. This doesn't sound right to me. I presume if someone built a house on someone elses land then the land-owner would automatically own the house.

I would presume what they meant by that was that the land owner sold a site and whoever bought the site built on it. I'm guessing that the site is a plot sectioned off from a larger field and whoever sold the site originally owns the larger field. Perhaps thats where the neighbour was drawing the distinction?

Still it a shame to see what you say is a nice house go to rack and ruin.

I could be very wrong but I don't think any banks sell houses directly to the public. They would still be sold through an Estate Agent. It would hardly be a case of popping into your local branch anyway and doing some wheeling and dealing there...

Mrs OBumble

Are you a local or a blow-in?

Chances are that someone local definitely knows. Whether they're willing to tell or not may be a different story.

bombadil

Land Registry is your best bet... request folio for the property. This will contain registered owners name or company and the name of any bank that has a charge over the property.. my money is on the property being owned by a now bust building company and the bank concerned being anglo...

TheDriver

also be prepared for a long wait if you find out which bank, there was someone on here last week who waited 6 months even though seller was happy with price but bank said no to the sale...

homequest

Clonesbabe
I am in a similar situation and am curious how things panned out for you. Have you any advice?