Deleted user
posted 3 years ago
Is it normal for the seller to give the credit card debt amounts and bank accounts to the title agent
As the court has appointed an administrator for the sale contract of a house, the title agent is requesting the administrator to present the consumer credit cards and amounts of the decedent, owed to consumer credit and a summary of medical debts to be paid. Is that normal?
  • United Kingdom
  • Banking and Financial
  • Property
  • Wills and Probate

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Deleted user
posted 3 years ago
Yes, it is normal. Administrator would like to know about the total debts of the decedent. Further, they will see if the property is not mortgaged or alienated or any other third party right has been created on the property. It is only a due diligence, which is being done to avoid any future legal consequences on the bonafide purchaser of the property.