Jimmck

Hi,

A friend of mine has a son who purchased an apartment off plan a couple of years ago. He put down an deposit of 50K sterling and completion is next month (25th Jan). He had hoped to sell on the contract but has had no luck, like many others I am sure.

He now has a problem as he cannot complete on the deal next month and wonders what options he has. I have suggested two possible options.

1. He walks away from his 50K
2. He possibly could sell his 50K stake for say 25K. At least then he only loses 25K.

Obviously he has left this really too late

Does anyone have any advice I can pass on.

Thanks

Jim
Costasales.com