Hi all sifu sifu,

Just want seek advice, I'm buying a 2nd hand house directly from the owner and I've submitted all the documents to bank for loan application.

Today bank called me, saying that the owner have some case (not sure what case bcox I ask she said it is P&C), I suspect the owner business is failling and might go into bankruptcy.

That house is under the owner and his wife name, in buyer/me point of view, is it safe to proceed if the loan approved by the bank? What should I watch out for? Please advice

Thank you very much.

This post has been edited by vodka: Aug 27 2012, 04:03 PM