Can property be sold without original documents?

Can property be sold without original documents?

Though house owners are careful while storing property documents, they may still lose them. Misplacing original documents doesn’t mean that you cannot sell or buy a property. While you can settle the deal in such a case, it will require additional paperwork and result in higher costs.

How do you sell a house without the original deed?

The owner will also have to place an advertisement, stating the loss of the documents, in an English daily newspaper, as well as a regional/vernacular one. Even the buyer can place such an advertisement and, through it, call for any claimant to the property within 15 days of the advertisement being printed.

Can you transfer property without registration?

Section 17 of the Registration Act, 1908, mandates that transfer of an immoveable property should be registered, failing which it would become invalid. However, one can gift moveable property such as jewellery or car without any registration.

Where are deeds to house kept?

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.

What do you need to know about the non-issue of duplicate title?

The non-issue of duplicate Certificate of Titles (CTs) has become increasingly common, and provides yet another reason to perform a Title Search upon listing a property. As you know, Landgate holds an original Certificate of Title for each property in Western Australia, and issues one duplicate CT to the property owner.

How to get duplicate copy of sale deed?

Register an FIR with the police against the Bank. Publish news-paper Ad. Get the Affidavit done by the Bank about the lost property documents. Do apply for encumbrance certificate to check if everything is fine with respect to ownership and mortgage details. Get the duplicate certified copy of Sale deed through your Banker/lending institution.

Is there a duplicate CT on a house that does not have a mortgage?

When an agent is listing a property that doesn’t have a mortgage, the seller would have traditionally held the duplicate CT somewhere in their home. However, if the client had requested a non-issue, there would be no duplicate CT to be found.

What do you need to know about non issue of duplicate CT?

As you know, Landgate holds an original Certificate of Title for each property in Western Australia, and issues one duplicate CT to the property owner. If the property is under mortgage, the lender will hold the duplicate CT.

Register an FIR with the police against the Bank. Publish news-paper Ad. Get the Affidavit done by the Bank about the lost property documents. Do apply for encumbrance certificate to check if everything is fine with respect to ownership and mortgage details. Get the duplicate certified copy of Sale deed through your Banker/lending institution.

Can you buy a house without a sale deed?

Most importantly the sale deed would require the Owner to certify that the property under sale is free from any encumbrance and without any lien. Without it, it is a daunting task to sell/buy a property and it is also very difficult to take a home loan on such property.

Do you have to pay taxes when you sell a home that is not your primary residence?

Taxes Owed When Selling a Home That is Not Your Primary Residence. If you are selling a home that is not your primary residence, you will have to pay taxes if you made a profit. Q: I recently sold a townhouse and was concerned about how much tax I would be responsible for paying. Basically, I sold it for $375,000.

What happens to depreciation when you sell a rental property?

Whether or not you claim depreciation, when you sell the property the IRS will calculate depreciation recapture tax as if you did. When you spend money on your rental property, the IRS usually treats it as an expense and lets you write it off.