Bankrupt Builder on partially finished house
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Essentially the project is at a standstill (at lock-up but unfinished and with some possible defects that need work). What have others done if you've found yourself in a similar situation? I'm guessing the only 3 real options are either engage a new builder to finish, go Owner-Builder and finish or sell as is for a loss.
Thanks for any advice shared.
http://anewhouse.com.au/2012/10/if-the- ... goes-bust/
You can also do a forum search for other's experiences by using keywords such as liquidation and bankrupt/bankrupcy etc.
Forum member bashworth has an excellent blog which is a go to for hundreds of building subject matters.
http://anewhouse.com.au/2012/10/if-the- ... goes-bust/
You can also do a forum search for other's experiences by using keywords such as liquidation and bankrupt/bankrupcy etc.
http://anewhouse.com.au/2012/10/if-the- ... goes-bust/
You can also do a forum search for other's experiences by using keywords such as liquidation and bankrupt/bankrupcy etc.
Thanks for the blog tip - I'll def check it out. I did do some searches but didn't find much that was overly relevant.
as more money is now going out by way of claims than going in by way of premiums
they'll need an building audit and structural report
Go Owner Builder
Goodluck
What area are you from
Sorry, SW WA based.
go owner builder and finish at your own (financial and time) pace
This is my gut take on the situation. Only thing I've discovered that would need to e considered is the Indemnity Insurance if selling up within 7 years, which is a possibility after being left so disappointed with the whole experience.
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