ᐅ The land seller is insolvent.

I have a notary appointment and am unsure whether I should sign the land purchase agreement. The seller is reportedly insolvent. If I proceed with the purchase and the notary sends everything to the land registry office, and I then pay the property tax and the purchase price, it will still take about 6 weeks before I am officially registered in the land registry. SO: What happens if the creditors or the insolvency administrator get involved during that time? Would the contract become void and would I lose my money? Does anyone have experience with this or know if it is possible to ask a lawyer or the notary about this?

Thank you very much in advance for your answers.

Hello,

first of all, you should consult with the notary and definitely with your financier/the bank you trust (credit report); both will provide you with options.

Note: no forum can replace legal advice.

Regards
Bauexperte

Thank you

for the tip 🙂.