Asked by Anonymous
We are interested to purchase a private property and it is a bank sale.
When exercising option, my lawyer discovered a caveat on the property
My Lawyer spoke to the caveator and then the outcome could be us paying the caveator a sum of money
Seller agent said that seller lawyer said it was not necessary
We are conflicted
So are the buyers liable to pay off an existing caveat?
I read an article yesterday that said that the sale of property will remove the caveat
Any advice?
When exercising option, my lawyer discovered a caveat on the property
My Lawyer spoke to the caveator and then the outcome could be us paying the caveator a sum of money
Seller agent said that seller lawyer said it was not necessary
We are conflicted
So are the buyers liable to pay off an existing caveat?
I read an article yesterday that said that the sale of property will remove the caveat
Any advice?
1236 views