Fretting About Losing Your Property Due to a Lost Land Title? Don’t Be, Here’s What You Can Do About It
Owning a property is one of the many accomplishments a person can achieve in this world. But having to legally own something of this world is not just a matter of self-proclaiming a property as his. Even a con person can do just the same without any legal backing. Nowadays, to realistically own a real estate is to have a legal paper which depicts the truth to the claim.
But, what if, as a genuine property owner, you lost this critical piece of paper? Well, that could cost you your beloved real estate if the title which authenticate it as yours is not replaced immediately.
Missing out on a land title as a real proprietor was not an uncommon dilemma, especially among the lay people who do not know the goings-on of the law in their land. For these people, there is the assumption that, as long as they remain in their own land, a land title is nothing but an optional piece of paper.
But, therein lies the problem: without a land title, a person’s property may not be legally his according to the law. The conundrum may even be compounded by the risks involved in the paper’s very own absence, particularly involving the presence of a fraudster who would dare claim the property to be his, matters of inheritance, and even its selling.
Putting the effort to having your lost land title replaced may be troublesome for some people but neglecting on it altogether until later may be much of a bigger headache if condone. Save yourself the trouble and have your land title be reissued asap by following these steps:
Reasons Why You Must Have Your Land Title Replaced ASAP
To iterate, missing on your land title would put you in a position where you could lose it due to the fraudulence of others and make the otherwise simple process of transferring the land to you or to any of your kin more complicated.
For instance, without a land title to your name, another person can illicitly claim your property and sell it to others as his. This may sound like an outright thievery, but if the person had the paper—possibly forged for him—to back up his claim, then you are at a loss.
Furthermore, in matters involving the transfer of the land title to kin or to another person altogether by selling, such transaction would not be possible without your land title in the process.