What happens if I buy a resale property and the previous owner ran up debts against it?
When you buy a resale property in Turkey, it is important to have the property checked for outstanding debts by the solicitor. If there are debts outstanding against the property they will be logged at the Title Deeds office. If there is any problem with the property, the solicitor will advise you not to proceed with the sale, and the seller will be required to pay you a penalty fee which is written into the Sales Contract.
Related Questions
- If I buy property from a Tax Foreclosure/Constable Sale will I have to worry about a previous owner regaining ownership?
- Has ARRC been able to recover any money from the previous owner of the property, the federal government?
- What happens if I buy a resale property and the previous owner ran up debts against it?
