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I know the rules. Naturally REA does not need to disclose the fact. But he can not lie either, when asked specific questions that potentially impacts on the sale process.

Something completely weird. The agent was clearly lying (or is extremely naive and dum) when saying that he did not know anything about the financial troubles. You can clearly see mortgages and caveats on vendor statement documents. But at the same time he told us that they are not planning to...

Only the first mortgage was from the bank 3 others were from companies that I have never heard off. Two other caveats were actually law firms.

Thanks spludgey for the quick response. The current asking price is way too high compared to the recent sales in the area and I would not offer asking price. The house is not worth of it. The problem is that I do not know about the value of those mortgages and other debts or assets, so even...

Considering buying an property that has 4 separate mortgages and 2 caveats on it. :eek: Never seen anything like that on the title documents before. Clearly vendor is under financial pressure to sell it, but the current asking price is well above the market value based on comparatives. My offer...