auction question

panicker4 · 10 July 2010 at 12:16PM

hi question about buying at auction. ↲
if you win, and pay by cheque, show id, and sign the contract immediately after all is well and you have 28 days to complete. What if you have a partner who also signs on the day and is named on the contract but then decides not to continue in partnership?? Can you complete alone and just have their name removed???

G_M · 10 July 2010 at 12:58PM

Err... ask the auction firm? It probobly varies.

PasturesNew · 10 July 2010 at 1:01PM

I'd have thought that all the auction care about is that somebody signed to take responsibility - and the property completed within X days as per the legal pack. Who completes, who changes their mind, along the way, I'd have thought was not important to them, so long as SOMEBODY does ... and on time.

panicker4 · 10 July 2010 at 1:17PM

thanks guys, i guess my worry is whether both signatures mean we jointly own it up to now or is it just at completion that is sorted?

panicker4 · 10 July 2010 at 1:32PM

thanks guys, i guess my worry is whether both signatures mean we jointly own it up to now or is it just at completion that is sorted?

panicker4 · 10 July 2010 at 1:38PM

thanks guys, i guess my worry is whether both signatures mean we jointly own it up to now or is it just at completion that is sorted?

panicker4 · 10 July 2010 at 1:47PM

thanks guys, i guess my worry is whether both signatures mean we jointly own it up to now or is it just at completion that is sorted? And does he have a legal claim on the house??

Richard_Webster · 10 July 2010 at 3:21PM

If he doesn't come up with his share of the money (you did agree how much each should contribute didn't you) then I can't see how he can have a claim.