abstract. So the seller..? So the seller made us a copy of the abstract of the house, even though the bank told him they want the original. So I was reading it on the way to the bank one day and the man we are purchasing the house from, his name is no where on the abstract.
A week after we dropped off the abstract and purchase agreement, the banker calls us and tells us that the abstract has not been updated since year of 2000. The seller of the house told us he purchased the house one year ago.
So whats wrong with this picture? Please advise some examples what might be wrong or what we can do to fix this. If he just owes money against the house, why can't he just tell our bank that or send the abstract to the banker receipt of delivery?
Thanks for your help.
A week after we dropped off the abstract and purchase agreement, the banker calls us and tells us that the abstract has not been updated since year of 2000. The seller of the house told us he purchased the house one year ago.
So whats wrong with this picture? Please advise some examples what might be wrong or what we can do to fix this. If he just owes money against the house, why can't he just tell our bank that or send the abstract to the banker receipt of delivery?
Thanks for your help.