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So,
I friend of mine want to buy a house, the owner Thai of the house lives in Norway, (the house is not occupied)
They intend to make a sales contract with 500.000 Deposit. With sales price of 5.2 Mil.
The owner has a loan with the SCB of 2.5 Mil. so the chanot (title deed) is with the bank.
My friend will setup company for owning the house (please no comments on this way to setup...!)
The time between signing contract + deposit and transfer date is almost 5 months. (due work limitations of the seller she can not come earier)
What type of precautions the buyer can take, that the seller will not try to pay off the loan with the bank in this 5 months, and resells the house to an other party, without the buyer knowing?
Many thanks !
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