I am interested in a property going to auction in Galway on the 6th of October next:
odonnjoyce(****dottycom****)/residential/brochure/3326699
I was very interested in the house and I have viewed it several time, I've had an Engineer inspect it etc. According to the auctioneer the property is a
repossession/ receivership sale as a result of the owner (a high profile Galway based developer going into NAMA) however the Contract of Sale:
photos-a.propertyimages(***dottycom***)/media/9/9/6/3326699/c4e13213-f106-4f6f-9ec4-48dbf6e66474.pdf
listed Targeted investment opportunities plc as the Vendor and also the property is listed on the Property Price Index as have being sold last December '14 for ~€224k, which is considerably lower that the conservative AMV of €295k.
Surprisingly the Auctioneer isn't aware of the history of that recent sale and says they are selling the property on behalf of a Receiver.
What is going on? I'm confused!
PS as a new poster I cant use url links so please format the addresses as need be.
odonnjoyce(****dottycom****)/residential/brochure/3326699
I was very interested in the house and I have viewed it several time, I've had an Engineer inspect it etc. According to the auctioneer the property is a
repossession/ receivership sale as a result of the owner (a high profile Galway based developer going into NAMA) however the Contract of Sale:
photos-a.propertyimages(***dottycom***)/media/9/9/6/3326699/c4e13213-f106-4f6f-9ec4-48dbf6e66474.pdf
listed Targeted investment opportunities plc as the Vendor and also the property is listed on the Property Price Index as have being sold last December '14 for ~€224k, which is considerably lower that the conservative AMV of €295k.
Surprisingly the Auctioneer isn't aware of the history of that recent sale and says they are selling the property on behalf of a Receiver.
What is going on? I'm confused!
PS as a new poster I cant use url links so please format the addresses as need be.