Discharge of legal charge on house

M

Macbeth

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If a person has a charge on a property and he dies, what happens to the charge? Does it then need to be discharged and the proceeds put into the deceased person's estate or can it just sit there indefinitely?
Thanks.
 
I'm not a legal, but I would think it would form part of the 'assets' of the deceased.
 
The charge will be paid out of the proceeds of the sale of the property that is the purpose of having a charge in the first place.
 
Jim2007 said:
The charge will be paid out of the proceeds of the sale of the property that is the purpose of having a charge in the first place.
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I could be wrong but my reading of the question is that the person who has the charge over the property has died, not the owner of the property.
 
Yes, LDF is correct. The question is what happens if the person to whom the charge is owed passes away? Would the house then need to be sold so that the estate could get the repayment or would this repayment arise only when and if the house is sold at some future date?
 
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