What happens if the bank loses your deeds?

What happens if the bank loses your deeds?

If the deeds went missing or were destroyed while in the custody of a law firm or financial institution then, if satisfied with the evidence, the Land Registry will register the property with an absolute title. If not, then it is usually the case that the property will be registered with a possessory title.

What happens if house deeds are lost?

You may apply for first registration of land if the title deeds have been lost or destroyed. It is often more important to prove who held the deeds prior to their loss or destruction than to establish what they contained.

How do I recover a lost title deed?

The process of replacement of a lost Title is as follows: Police Abstract. The Proprietor/owner of the land is required to visit the nearest police station with a copy of the Title or the Title Number , an Original National ID or Passport to obtain a police abstract confirming loss of the Title.

What do you do if you lose your house documents?

Lost your property documents? Here’s what to do

  1. Procedure for getting duplicate papers of property when you lose them.
  2. File a police complaint immediately.
  3. Publish an advertisement.
  4. File an application for share certificate.
  5. Register with the notary.
  6. Get the duplicate sale deed.

Who keeps the deeds of my house?

mortgage lender
The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.

Can house deeds be replaced?

When a property is first registered the Deeds (i.e. the Conveyancing Deeds) are sent to the Land Registry, who then create a Title Register and Title Plan. These two documents effectively replace the Deeds.

How much does it cost to get a title deed in Kenya?

The certificate cost around Kshs 10,000. Apply for a search on the title deed which takes not more than 3 working days at a cost of Kshs 500. The seller then needs to apply for and obtain the consent to transfer from the National land commission. The document costs about Kshs 1,000 and takes not more than 2 weeks.

Can I sell my house if I have lost my deeds?

A: No, as the grant of probate doesn’t prove that your mother owned the property. If the property is registered, you needn’t worry about the lost house deeds as the Land Registry will hold official copies of all the documents that you would require to sell the property.

Where should you keep the deeds to your house?

You can also store your title deeds in a safe deposit box at your bank or building society. This is a very secure option, but you will usually have to pay an ongoing charge for hiring a deposit box and possibly pay a fee every time you want to view the deeds.

How long does a title deed take?

The Deeds Office takes 10 days to deliver a title deed to the conveyancer after registration.

Is a deed and a title the same thing?

The Difference Between A Title And A Deed A deed is an official written document declaring a person’s legal ownership of a property, while a title refers to the concept of ownership rights. In this way, a book title and a property title are the same: neither are physical objects, but rather concepts.