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 Post subject: Bad Title
PostPosted: Mon Apr 02, 2018 5:07 pm 
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First Time Buyer

Joined: Oct 16, 2015
Posts: 92
Got word back a place we SA has bad title/missing deeds. How much of a show stopper is it? Our solicitor seems to be exaggerating things a bit (suspect he doesn't want to got bogged down as he is a fixed fee, high throughput type). Do banks run a mile form any title issues in terms of mortgage?


Last edited by Rew on Mon Apr 02, 2018 6:56 pm, edited 1 time in total.

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 Post subject: Re: Bad Title
PostPosted: Mon Apr 02, 2018 6:42 pm 
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Real Estate Developer

Joined: Jul 27, 2011
Posts: 804
I bought a house with bad title in 2012. The original deeds were missing, although copies were available. In my case the vendor has raised a bond to cover the period until the title was rectified. My solicitor told me it is very common in city centres where most of the housing stock is 100+ years old (my house was built in the 1830s). Sorting it out just involved re-registering the title in the district court. As far as I remember it cost me a couple of hundred Euro, but did take a while (over a year). It didn't present any problems for my mortgage but maybe the bond contributed to that.


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 Post subject: Re: Bad Title
PostPosted: Tue Apr 03, 2018 5:11 pm 
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First Time Buyer

Joined: Oct 16, 2015
Posts: 92
Interesting, they have taken out the bond but don't think their are copies in this case.


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