anyone had experience buying a house with Caveats on it? We put an offer on a house that was accepted then we find out there are 2 Absolute Caveats on it from local businesses and 2 undisclosed caveats. Our solicitor said no deal.
Shouldn't you be relying on your specific legal advice rather than general forum experiences that may or may not apply to your situation? Anyway I've seen caveats be a deal breaker and also be no issue at all - varies wildly by specific circumstances of the caveat and deal.
We are out of the deal, we are listening to legal advice! Just something we have never come across and was asking about others experience.
caveats are fairly common and mean that someone other than the legal owner has an interest in the property. The caveator usually just wants their share paid out at settlement and is no big deal. But if the caveat relates to family law often irrational thinking comes into it and they will often not settle. First thing to do is to see on what basis the caveat has been listed.
