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Lost documents

  • 22-10-2020 6:32am
    #1
    dto001
    Registered Users Posts: 253 ✭✭


    Hi all,

    I’m interested in buying a house locally and from talking to the original builders a vulture fund has the mortgage but according to them the documents are missing and they can’t sell it as there have been a couple of offers.
    What happens to the house when this happens? Is there anyway I could buy it?

    Cheers


Comments

  • #2
    BrokenArrows
    Registered Users, Registered Users 2 Posts: 7,498 ✭✭✭BrokenArrows


    dto001 wrote: »
    Hi all,

    I’m interested in buying a house locally and from talking to the original builders a vulture fund has the mortgage but according to them the documents are missing and they can’t sell it as there have been a couple of offers.
    What happens to the house when this happens? Is there anyway I could buy it?

    Cheers

    They could easily get new deeds created but that's a job for their solicitor. If they are just not bothered then there is no much you can do about it.


  • #3
    Dolbhad
    Registered Users, Registered Users 2 Posts: 782 ✭✭✭Dolbhad


    Legal title can be recreated. But it takes time and money. Something Vulture funds have no interest in doing. If you are a cash buyer you can buy as is and recreate the title afterwards yourself. But you have hope for the best after you buy it that it’s fine. Any issues and you have no comeback. Buying with finance is impossible. Vulture funds would leave the house there then sort the legal title.


  • #4
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 6,289 ✭✭✭Claw Hammer


    dto001 wrote: »
    Hi all,

    I’m interested in buying a house locally and from talking to the original builders a vulture fund has the mortgage but according to them the documents are missing and they can’t sell it as there have been a couple of offers.
    What happens to the house when this happens? Is there anyway I could buy it?

    Cheers

    What have the original builders got to do with it? Did they not sell it on after building it?


  • #5
    dto001
    Registered Users Posts: 253 ✭✭dto001


    Dolbhad wrote: »
    Legal title can be recreated. But it takes time and money. Something Vulture funds have no interest in doing. If you are a cash buyer you can buy as is and recreate the title afterwards yourself. But you have hope for the best after you buy it that it’s fine. Any issues and you have no comeback. Buying with finance is impossible. Vulture funds would leave the house there then sort the legal title.

    Cheers for that, is it expensive to get the deeds recreated? As in thousands or tens of thousands?


  • #6
    Dolbhad
    Registered Users, Registered Users 2 Posts: 782 ✭✭✭Dolbhad


    dto001 wrote: »
    Cheers for that, is it expensive to get the deeds recreated? As in thousands or tens of thousands?

    It depends on the legal title. Land registry is much easier to recreate than registry of deeds. And also the type of house - a house in an estate vs a once off house.

    I don’t think it would tens of thousands but could be thousands if straightforward. You’ll have legal and engineer costs and outlay Involved. Might be worth checking with your solicitor to see what documents you would need to get.


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  • #7
    SmartinMartin
    Registered Users, Registered Users 2 Posts: 2,937 ✭✭✭SmartinMartin


    I'm in a position where I want to sell a property at the minute, but the deeds have been lost. Would the Land Registry deeds suffice for the sale?
    House in a small estate, built circa 2002.


  • #8
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 6,289 ✭✭✭Claw Hammer


    SmartinMartin wrote: »
    I'm in a position where I want to sell a property at the minute, but the deeds have been lost. Would the Land Registry deeds suffice for the sale?
    House in a small estate, built circa 2002.

    Is it registered land?


  • #9
    SmartinMartin
    Registered Users, Registered Users 2 Posts: 2,937 ✭✭✭SmartinMartin


    It's a semi d house, and I have a copy of the land registry deeds.


  • #10
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 6,289 ✭✭✭Claw Hammer


    SmartinMartin wrote: »
    It's a semi d house, and I have a copy of the land registry deeds.

    Are you sure it's not a copy of the Registry of Deeds documents you have? It matters not whether it's a semi detached house or what size of an estate it is in.


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