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Possession of a deed is not legally binding — if someone robbed your house and took your deed, clearly they don’t own your house. The deed is only a signifier
by tylerhou 5y ago
Possession of a deed is not legally binding — if someone robbed your house and took your deed, clearly they don’t own your house.
The deed is only a signifier of ownership, nothing more. If you can prove in court that the possession of the deed itself was improperly transferred, the state will return the deed to the rightful owner. Or annul the old deed and create a new one. (At least in the US.)
- arcticbull 5y agoSorry for the delay, what I meant is that the concept of NFT has no protection under law whatsoever. It means literally nothing. It's a bearer instrument for nothing. As you say, a deed is not a bearer instrument but the concept of home ownership which it symbolizes has legal protection.