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Things that make you go Hmm!

Comments

  • Registered Users, Registered Users 2 Posts: 25,622 ✭✭✭✭coylemj


    Does 'possessory title' mean what I think it means - not worth the paper it's written on, that's assuming there's even a piece of paper? I remember my mother telling me that some very old terraced houses in our home town had no titles worthy of the name so all you were literally buying was the front door key but how could a relatively modern house fall into this category?


  • Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    coylemj wrote: »
    Does 'possessory title' mean what I think it means - not worth the paper it's written on, that's assuming there's even a piece of paper?
    Some might use the expression 'don't touch it with a bargepole'. However, there are Land Registry procedures by which possessory titles which have been registered in the Land Registry can be converted to absolute title after changing hands for value after a period of time. Therefore, possessory title has certain value, even if it does not represent good, marketable value.
    coylemj wrote: »
    but how could a relatively modern house fall into this category?

    If somebody held land with no proper title to it and built a house on that land using savings or a personal loan but without taking out a mortgage.


  • Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    I'm looking out my window at my side Garden and wording if that First in Land Law is going to be enough to get it converted. Somehow I think not :pac:


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