We save for a long time to buy our own house or land. After a time when we have collected enough money. After that, we go to buy the property. While buying property, we have to go through many types of paperwork. One name that comes in these is that of rejecting the filing. You must have heard this name. If you are going to buy a property. In such a situation, it is very important to get the registration of that property rejected. If you do not get the property filed rejected. In such a situation, legally you do not have ownership rights over it. You should be aware that along with getting the registration done, it is also very important to get the property de-registered. In this series, let us know why it is necessary to get the filing rejected. And what can happen to you if you don't get it done?
A quitclaim deed is a special kind of document, which protects your property from any dispute or controversy. With the rejection of the filing, it becomes clear that the land or house you have purchased. No one has any objection to that and you have the ownership rights of the property.
In simple words, by rejecting the filing, the property is transferred from the name of the seller to the name of the buyer in the government data. If you do not get the property rejected after purchasing it.
In such a situation, the possibility of fraud happening to you increases significantly. It is often seen that properties whose filing is not done are rejected. That property is fraudulently sold many times to many people.
Due to this, the same property is claimed by many people. In such a case, the case of the person whose name is mentioned in the government data as the owner of the property remains strong.
(PC: iStock)
