@irelandamvmtv: "They lost their 10% deposit." Solicitor Jacqueline Dunne explains two real cases where buyers placed winning online bids on homes with mortgage approval in principle, only to lose their entire 10% deposits after discovering legal issues with the title #IrelandAM

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Thursday 26 June 2025 12:19:01 GMT
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user57750846882
sonia :
I don't understand people buying properties unless your doing it to make money ,u will never own the property the chances are won't live long enough to enjoy fruits of your hard work,renting is way to go no property tax,no insurance to pay,no maintenance bills ect
2025-06-26 14:20:33
3
kevinbarry903
Kevin Barry903 :
this lady is very good. I have been following her on line and she is very informative in legal issues .👍
2025-06-26 14:22:13
105
davidmemery4
davidmemery4 :
So basically yiu should only engage in these online auctions if you're in a position to pay cash, therefore your solicitor doesn't need to do this undertaking for a mortgage bank
2025-07-12 20:29:21
0
carollombard
Carol Lombard :
Surely the bank that was selling the property knew there was an issue with the title deeds,
2025-06-26 15:14:56
33
_acegi
. :
Deposit is refundable until closing of sale ?
2025-06-26 15:36:32
1
sylviaharrison428
sylviaharrison428 :
A lot of these online auctions have a notice saying auctions aren't legally binding until contracts are signed.
2025-06-26 17:12:25
6
user7519748574485
user7519748574485 :
it's shows no Law here.you can do anything and make your own money. Government still not help the Irish people
2025-07-08 11:20:15
2
antix01
Anthony :
losing 10% is the least of it. they can force you to go ahead with the sale (unlikely, as you have no funds). , or, they can sell the property for a lower amount - say 25% lower. then in addition to your 10% deposit they can pursue you for the 15%.
2025-06-26 15:08:18
7
rattinw
rattinw :
what about the new consumer rights law ruling in Europe last week , all these houses bought from receivers no matter how l9ng ago the original people may be able to overturn this scam and get their property back!! government and the state and centeral bank and land registrary, could be on 5he hook foe 30b ! yes 30b
2025-06-26 16:08:23
0
tooduelforschool
David Ryan :
Any solicitor worth their salt will put in a clause that its subject to mortgage.
2025-06-26 16:21:24
3
investor_212
BlueLagoon :
Most properties at auction are stressed assets and have issues with title …they typically sell under market value to cash buyers willing to take the risk. People should be made aware of this.
2025-06-26 23:42:11
11
rocky1975_
Alan Flynn719 :
The legal pack is available before the auction
2025-06-27 01:15:24
14
wackjallace
Wack Jallace :
I bought my house in an auction and sent over all details to the solicitor and had engineer up!
2025-06-26 13:37:02
5
todd.bonzalez
Todd Bonzalez (Not a 🇮🇱) :
Skill issue. You don’t sign a contract until after you do the title deed check. Some people just love throwing money around it seems 🙄
2025-06-26 16:50:53
9
stephenwalsh2702
Stee®️🇮🇪 :
I work in this area, I know this stuff but she explains it all very well.
2025-06-26 15:31:15
9
user9005125815122
danny44 :
Homes under the hammer, never show the disaster stories.
2025-06-27 06:06:42
4
emmajaneyespmed
Emma Jane Yespmed :
I paid a holding deposit once my offer was accepted. I didn’t pay the full deposit until the bank confirmed I could draw down on the mortgage. My solicitor advised me on this action too.
2025-06-26 16:32:37
3
damiencahill7
Dam IenCahill :
Ah ok so just make sure you’re paying plenty to your solicitor …
2025-06-26 23:00:05
1
sarahl298
sarahl298 :
I had a customer that did this online with bidex with no approval yet and it was awful for them trying to get it over the line. I’d never go near bidex
2025-06-26 17:48:49
1
thatpatfello
thatpatfello :
its ok if your a cash buyer
2025-06-26 17:13:50
2
roblimbert
Rob Limbert :
Also liable for any shortfall if it’s sold for less in a future auction
2025-06-26 17:26:48
1
mitchell_smithbutler
mitchell_onuorah :
Oh no sorry to hear that, they could have checked if another solicitor was willing to take an undertaking
2025-07-11 22:41:29
0
photastic
Emmet732 :
Once you register for the auction you are given access to the title documentation before the auction takes place, the reason for this is so that you can review title before making a bid. The issues with title would have been discoverable before the parties bid on the property and it was their own failure to undertake due diligence that resulted in the inability to draw down the mortgage. The BidX1 auctions are normally by banks or receivers and as a result are considered high risk.
2025-07-04 14:05:58
0
daithi84
David McD :
You put conditions in the contract that it’s void if mortgage falls through
2025-06-26 18:08:46
0
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