Emyr Pierce

Can you sell the content of a property after repossession?

My brother-in-law has had his house repossessed. He bought a complete new kitchen less than a year ago which I offered to buy off him, but is he allowed to sell it and let me remove it?

Once a property has been repossessed this will have taken place as a result of a Court Order giving the lender the right to take possession.

If the kitchen had been fully paid for then this – along with the property – falls into the ownership of the lender and can be sold with the property. If the kitchen remained on a Hire Purchase, or other Finance Agreement, then title to the kitchen would remain with the Hire Purchase, or Finance Company, and could be removed by them.

That is why someone buying a repossessed home is not guaranteed ‘good title’ to any items included in the property.

It is, therefore, unlikely you will able to remove the kitchen as this will also not only cause damage to the property, but adversely affect its saleability.

Tags: Cardiff, Emyr Pierce Solicitors, hire purchase, property, repossessed, repossession

This entry was posted on Saturday, May 23rd, 2009 at 11:06 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.