Discharge of charge, Property
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 Jan 28 2016, 05:04 PM, updated 10y ago
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#1
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Senior Member
1,322 posts Joined: May 2009  
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Hi, I settled my loan back in 2009. Now, i wish to sell my prop but according to the developers record,prop is still under charge. How do i go about this? How come the lawyer did not informing me about discharge and are all the original docs with lawyer?  |
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Jan 28 2016, 05:15 PM
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#2
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Senior Member
1,322 posts Joined: May 2009
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QUOTE(Zot @ Jan 28 2016, 06:08 PM) You pay loan to the bank, not through the developer's lawyer. Once you finished paying loan, you should have inform them. Only then they will proceed with what necessary. Noped, i use a lawyer to charge my loan to another property. |
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Jan 29 2016, 06:41 PM
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#3
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Senior Member
1,322 posts Joined: May 2009
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QUOTE(shaniandras2787 @ Jan 29 2016, 01:17 PM) I assumed your property is still under master title since you mentioned "developer's record". When you settled your loan back in 2009, did you attended to any Deed of Receipt & Reassignment ("DRR")? If you didn't then of course the developer's record still shows the property is still assigned to your financier. I am not sure about the ddr thingy,maybe notIF you have in fact perfected the DRR then go back to the solicitor who perfected the DRR and inquire if they have served the notice of reassignment to the Developer. Whatever it is, sometimes solicitors firm ignore discharge files because the legal fees aren't much. |
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