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T O P I C R E V I E W
Tracy.ll
Posted - 11 March 2012 : 18:06:04 I am the secretary of a limited development company which had a large site reposessed by administrators instructed by the back. The site was re-sold on over 6 months ago. We received a letter 5 months ago confirming that the property has been sold. To date we have been unable to speak with anyone at the bank or administrators to find out what the property was sold for and whether the sale covered the finance or not. It was thought that there would be surplus monies after the sale, to pay outstanding creditors but we have been unable to to find this out. Are the bank or administrators under any legal obligation to inform us of the current situation and if so, what timescale should they adhere to.
2 L A T E S T R E P L I E S (Newest First)
Tracy.ll
Posted - 12 March 2012 : 08:28:01 Thx Jan but we have confirmation of the sale but have not confirmation of the sale price and if the debt has been covered etc.
Try looking on the Land Registry site - it should tell you whether or not it has been sold as far as I am aware.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
Jan xxx [/quote]
Niobe
Posted - 12 March 2012 : 08:14:34 Hi and welcome
Try looking on the Land Registry site - it should tell you whether or not it has been sold as far as I am aware.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
