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Post by nik on Oct 14, 2003 21:11:06 GMT 1
I am currently in the process of buying a flat in Istria but have a serious concern about money transfer.
I am expected to transfer the money to the people who are selling the property and then they (and I) will sign the contract.
My problem is that I do not see what is to stop them from not signing the contract (to transfer the property to my name) after they have received the money.
Is there any way that I can protect myself against this?
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Post by Mala on Oct 14, 2003 21:58:31 GMT 1
Take a lawyer with you!
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Post by Giles on Oct 15, 2003 8:19:54 GMT 1
See my answer to your other question. Like Mala said, taker a lawyer!
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Post by NickL on Oct 15, 2003 18:30:49 GMT 1
You should have a pre contract in place which governs the transfer of funds and subsequent actions that must be taken. This will need to be drawn up by a lawyer and as a foreign citizen you will probably have had to have your passport certified by a local notary etc.
Not signing the actual contact until the money is wired seems normal from my experience. But not without a pre contract signed by both parties (which is binding)
nick
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Post by Tom2 on Dec 3, 2003 10:49:17 GMT 1
we too are tring to buy in Istria - early stages - can you recommend a good lawyer/architect in the area? Thanks
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Post by Peter on Dec 3, 2003 18:25:29 GMT 1
Our legal department would be pleased to help. Further details are on our website.
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