Buying a development off a bank after the developer has gone bust.
This is probably a very specialist subject. I have had experience in building a couple of large houses, before and also modernisation projects. There is a development of 3 houses and 6 flats that is in my area, close to completion the developer has gone bust. The limited company has a large bank loan which seems to be the cost of the entire project. The developer is very very strange and I think it would be hard to get any information or do any viable deal with him. Does anyone have any hints as to how I can try and acquire this? All I know is the architects email address I will try and contact him if you don’t have any good ideas, any ideas about finding which bank holds the loan.
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