Posted on: 18th Aug, 2009 11:44 am
my mom sold me her house 7 years ago, for $1. It was clear of debt. she has since defaulted on credit cards probably over $75,000. her name on the deed is only the grantor. will they check her credit or debt if I sell the property? Thanks
Hi gnlturner,
A grantor is a person who sells off the property or transfers the property to someone else. Thus, your mother is in no way related to the property. Though she has defaulted on the credit card payment, the credit card company cannot place a lien on the said property. As the property is yours, her credit or debt will not be taken into consideration when you sell off the property.
A grantor is a person who sells off the property or transfers the property to someone else. Thus, your mother is in no way related to the property. Though she has defaulted on the credit card payment, the credit card company cannot place a lien on the said property. As the property is yours, her credit or debt will not be taken into consideration when you sell off the property.