I was in the process of buying a house from a building company whose loans had been transferred from the banks to Nama. Nama allowed the builder to go ahead with the sale of the house to me. I signed the contract. But before the builder signed the contract, he did a voluntary liquidation and appointed a liquidator to the company. I want to go ahead with buying the house, but now there is a dispute between the liquidator & Nama about whether I should give the money to Nama or liquidator, and it is not clear who should sign the contract for the seller. My solicitor says this is new territory & could be slow to sort out.
Any views on how to resolve this and proceed with the conveyance. Is the liquidator subordinate to Nama. What was the point in appointing a liquidator, when Nama had taken over builders loans. I dont see how the liquidator can sell any of the houses, without permission from Nama. Why did Nama not stop the liquidator being appointed. I am keen on the house. What can I do to stop the nonsense between the liquidator & Nama legal people, and get the contract finalised. Is there clear law on a situation like this.
Any views on how to resolve this and proceed with the conveyance. Is the liquidator subordinate to Nama. What was the point in appointing a liquidator, when Nama had taken over builders loans. I dont see how the liquidator can sell any of the houses, without permission from Nama. Why did Nama not stop the liquidator being appointed. I am keen on the house. What can I do to stop the nonsense between the liquidator & Nama legal people, and get the contract finalised. Is there clear law on a situation like this.