D
Dove2011
Guest
Hi all,
Just new here- just googled some information and the site came up- so maybe someone here might be able to help me.
I am at present in the process of purchasing a house FTB. Mortgage is with AIB.
Its a second hand property; finished in 2007- structural survey completed no problem with the house.
The main problem is the developer never transferred the common areas to the residents- the two directors is the developer and his wife and have not kept up to date accounts- last accounts was 2010- in July the developer proceeded to transfer the common areas in which time the CRO struck off the company- since 19.09.2012 the status is back to normal- so I am presuming it has been reinstated.
My solicitor doesn't want me to purchase the property until the Management company is in order but I spoke to one of the residents of the estate only last week- no one has communicated them that the transfers is taken place- that they do not want a management company(they confusing the OMC with Management Agent) and they are waiting on the county council to take over the estate.
So where does this leave me- can I push for the sale to go through if the residents does not want a management company or do I have to wait until they set up a management company. This has been ongoing for 6 months and I am highly stressed over it.
Any advice would be greatly appreciated.
Thanks
Just new here- just googled some information and the site came up- so maybe someone here might be able to help me.
I am at present in the process of purchasing a house FTB. Mortgage is with AIB.
Its a second hand property; finished in 2007- structural survey completed no problem with the house.
The main problem is the developer never transferred the common areas to the residents- the two directors is the developer and his wife and have not kept up to date accounts- last accounts was 2010- in July the developer proceeded to transfer the common areas in which time the CRO struck off the company- since 19.09.2012 the status is back to normal- so I am presuming it has been reinstated.
My solicitor doesn't want me to purchase the property until the Management company is in order but I spoke to one of the residents of the estate only last week- no one has communicated them that the transfers is taken place- that they do not want a management company(they confusing the OMC with Management Agent) and they are waiting on the county council to take over the estate.
So where does this leave me- can I push for the sale to go through if the residents does not want a management company or do I have to wait until they set up a management company. This has been ongoing for 6 months and I am highly stressed over it.
Any advice would be greatly appreciated.
Thanks