Asked by Mandisa on 25-02-2021 10:37:24
Question posted in the Property Law category relating to Gauteng
I'm the executor of my late mother's estate. The estate has paid off the Standard Bank home loans (2) however we are yet to acquire the title deeds or occupancy.
I was under the impression that once the home loans associated with bonds were repayed, you owned the house not the bank.
Should the agent assisting me have cancelled the two bonds inorder to retain the title deeds?
What are my current options for obtain the properties ( Jhb & Pta ) ?
Answer to the Question
Posted by Att. Patrick on 27-02-2021 20:33:50
I see that you haven't made a payment for the question, but I'm going to assist you a little. If you want to ask a follow-up question, please make the required payment.
Once the home loan has been settled, the bank needs to cancel the bond which is registered over the property. Once the bond has been cancelled, then the bank MUST give you the title deeds.
What are my current options for obtain the properties ( Jhb & Pta )? --> Ask the bank to instruct its attorneys to cancel the mortgage bonds and give you the title deeds.
Please remember this is a dialog if you have follow-up questions please make the required payment, then use the REPLY button and ask your further question. I would like to continue assisting you, but I need to concentrate on people who make payments for their questions
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