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Updated almost 6 years ago on . Most recent reply

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Chris Damon
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Reasonable and Customary for title agents to ask

Chris Damon
Posted

Got an unusual one.....selling a house, from an estate, as court appointed administrator. New Jersey Title agent is asking administrator to provide the consumer credit cards and amounts, of decedent, owed to consumer credit and a summary of medical debts to be paid. Familiar with providing mortgage, lien amounts, ect. Consumer credit amounts seem a bit excessive and, is that customary for an estate property sale. Medical can theoretically have some bearing, but curious what contemporaries feel about disclosure of medical debts to buyer, buyer agents, and everyone in the chain of ownership of title documents (imagine a HIPPA violation could be a risk...)

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,465
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28,238
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Consult an attorney. It sounds reasonable for them to pay off all debts at the point of sale, ensuring no liens are filed against the property.

  • Nathan Gesner
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