What are the hazards attached to buying a house that has incomplete documents?

[07Trinity]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

If you want to purchase house like this,try to run some back date and make findings, choose to pay half of the money pending when you have made all possible checks on the house.

 

[Toyoabasi]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

You may end up losing the house soon.
That is why it is important that you request for complete papers of the property on acquisition of the property, also make sure that the papers given to you are not fake.

 

[YERUS]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

Anyone who buys a property and collects incomplete documents or fake ones does so at his or her own peril.
Such would be inviting land dispute in the nearest future.
It is important to take issues like this very seriously.

 

[Smiles20]

If you are buying a house that has incomplete papers then it is likely that the property might be disputed. You are also likely to face legal issues concerning tax with time so you should not even consider it.

 

[tyrim88]

First of all, I don't think anyone should or would want to buy a property that has incomplete document except if one doesn't have knowledge about such thing before and in that case he or she must definitely have a lawyer to cross check documents.
Incomplete documents of a landed property can be from fraudsters trying to sell another person's land. And one might lose the land if legal actions are taken

Though this things do happened,if the person involved is not really aware about the essential documents he need to get from the buyer,then he is bound to get into such problem.

 

[Mayox25]

If you have to commit your hard earned money to purchase a property then you must ensure that itt has proper and complete document,to avoid litigation and counterclaim of ownership by others.

 

[Udah jnr]

It's always advisible to do a research from neighborhood and if possible you meet the youth leader or anybody in charge of the environment before doing a deposit ..

 

[greenie]

First of all, I don't think anyone should or would want to buy a property that has incomplete document except if one doesn't have knowledge about such thing before and in that case he or she must definitely have a lawyer to cross check documents.
Incomplete documents of a landed property can be from fraudsters trying to sell another person's land. And one might lose the land if legal actions are taken

 

[Dagm1]

To avoid further conflict over land title, I believe it is critical to obtain a property's documentation and ensure that they are complete and authentic. Some properties have a conflict hovering over them, and it's best to stay away from them.

 

[ganibade]

To buy a house without complete documents is very risky. The legal action should be taken against that person. They believe the person buy criminal property.

 

[Alexandoy]

There is a big poster by the gate of our village that warns potential buyers of property to check with the village office. There are fake property titles here that may victimize buyers. At least the officers of our village are aware of the scam that was happening before in our village. The scammers are not residents, they are just using our village for their monkey business.

 

[Kaffyfolla]

I think buying a trouble free house is one of the most stressful things in life. If you don’t get it right, it will be a pain in the heart and selling it might be more difficult. Think about not just what you want today but what you might want in the future.

 

[Chibson]

Buying a house without a complete document is not recommended because it may have some negative aspects. Before you purchase a house it is important to you get all the necessary documents required.

 

[Danny4cash]

The hazard in it is that you might lose the house. It's very risky to buy a house with an incomplete document. I can't advice anyone to try it. If you don't lose the house in most cases, the money you will spend on litigation will be enough to furnished the building.

 

[Sotherefore]

Nobody should make that mistake because at the end you are the one to lose . Buying of property only be done when you are convince about a complete document that will prove you are the real owner of such property.

 

[Lämmchen]

When we purchased our current house, the sellers told us they owned the propane tank. But they didn't have the certificate of proof and the title company shrugged and said Oh well. In the previous state where I used to live, if you put something in the contract, it had to be true! Where I live now, it doesn't really matter it seems. The propane company came and put a lock on the tank and told us we couldn't use anyone else to fill the tank because they owned it. They said since we didn't have the paperwork that we didn't own it.

 

[HK World]

The buyer may have ownership of the land, house, or property, but he may never be able to prove his title unless he has all of the necessary title documents in his possession to back up his claim.

As a result of buyer's unawareness of the types of documentation they need to collect from the seller immediately after purchasing a house, land, or property, the sellers take advantage of their gullibility and ignorance by either handing over partial documents transferring inchoate title and ownership to them, or providing them one or two documents and keeping the rest.

 

[Chibson]

Anyone who is buying a house with incomplete documents is actually taking a whole lot of risks. You may stand a chance of losing all your money in the future. It is important to leave request for complete document whenever you purchase a property

 

[Robust]

There are so different hazards that can come when you have an incomplete house documents because whenever someone with complete document comes and calm your property, you have nothing to say or talk much about.

 

[greenie]

I think it is important to get the documents of a property and make sure they are complete and legitimate, to avoid further conflict over the ownership of the land. There are some properties that have conflict hanging over them, it is best to avoid those properties.