home  bbs  files  messages ]

      ZZUK4448             uk.legal.moderated             12811 messages      

[ previous | next | reply ]

[ list messages | list forums ]

  Msg # 123 of 12811 on ZZUK4448, Tuesday 8-25-25, 1:02  
  From: NICK ODELL  
  To: USENET.16@SCOTTSONLINE.OR  
  Subj: Re: house-move conundrum  
 From: nickodell49@yahoo.ca 
  
 On Sun, 24 Aug 2025 17:09:01 +0100, Mike Scott 
  wrote: 
  
 >Hi all. A couple of friends are buying a house, but there's a bit of a 
 >hiccup. 
 > 
 >The seller is suffering from severe dementia, is elderly, and may 
 >possibly die soon. Her affairs are being managed by relatives with power 
 >of attorney. 
 > 
 >My friends' solicitors are dealing with the sellers' relatives' solicitors. 
 > 
 >The question has arisen of what happens if, after contracts are 
 >exchanged but before completion, the seller dies. AIUI the contract is 
 >valid, and the sale goes through as if nothing had happened and the 
 >moneys form part of the deceased's estate. But it's been suggested the 
 >contract would be voided (with obvious major knock-on problems). 
 > 
 >Any thoughts please? 
  
 Is the money all in place? Are there any complications likely to 
 arise? I know there is a conventional, leisurely pace at which these 
 transactions take place but in the past I have asked for and received 
 a speeded up process in order to take possession by a particular date 
 and maybe this is a case where, if matters are straightforward, things 
 could be moved along a bit sharpish. 
  
 I have even heard of exchange of contracts and completion both 
 happening on the same day but that would need all parties to be on the 
 same page over everything. 
  
 Nick 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2) 

[ list messages | list forums | previous | next | reply ]

search for:

328,106 visits
(c) 1994,  bbs@darkrealms.ca