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I used to live in Scotland, and when I paid off my mortgage I received "the deeds". I had very little idea what to expect, but it turned out to be a bundle of
by stevekemp 8y ago
I used to live in Scotland, and when I paid off my mortgage I received "the deeds". I had very little idea what to expect, but it turned out to be a bundle of papers almost three inches thick, detailing every sale since the property had been built in 189x.
Having the paper-records was fascinating, and I seeing the initial owners staying there for 10-20 years, then a few periods where the property changed hands every 1-3 years, for ever increasing sums of money.
At the time I received them I was told "Yeah you don't need these, really, they're registered in the Scottish land registry". But when I came to sell the place - from abroad, no less - the first demand from the solicitors who I'd hired to manage the sale was "Please mail us the deeds".
I was almost tempted to keep them and say "Sorry, they're lost" to see what would happen. But selling a property from a foreign country was enough of a hassle that I didn't go through with it.
I do wish I'd taken photographs though, as the legalese was very nice to read.
- 7952 8y agoNot sure about Scotland, but in England you need the deeds to definitively define the boundary. What you see on the land registry map is just an interpretation based on available data. They do not actually know precisely where the boundary is located.
- toomuchtodo 8y agoDo they not have their own copies of the deeds? In the states, the local county recorder has all of that deed data on file, and when property is transferred a surveyor is engaged to confirm ground truth matches what the recorder states.