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Plots ;Bank vs Vendor and Buyer -Title deed procesing
Rank: New-farer Joined: 6/22/2015 Posts: 51 Location: Nairobi
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Wazuans please advise .Buying land from a bank (XYZ Bank) which sells on behalf of vendor ( X Land Investment Co)The bank promises titles two months upon final payment .More than two months now titles are yet to be given.Who is obligated to push the other to provide titles? Buyer to press the vendor or buyer to press the bank or the bank to press the vendor to provide titles to the buyers? A Theory of Everything.
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Rank: New-farer Joined: 6/22/2015 Posts: 51 Location: Nairobi
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aljazeera wrote:Wazuans please advise .Buying land from a bank (XYZ Bank) which sells on behalf of vendor ( X Land Investment Co)The bank promises titles two months upon final payment .More than two months now titles are yet to be given.Who is obligated to push the other to provide titles? Buyer to press the vendor or buyer to press the bank or the bank to press the vendor to provide titles to the buyers?
Seriously   not one response really?Guys please. A Theory of Everything.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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aljazeera wrote:Wazuans please advise .Buying land from a bank (XYZ Bank) which sells on behalf of vendor ( X Land Investment Co)The bank promises titles two months upon final payment .More than two months now titles are yet to be given.Who is obligated to push the other to provide titles? Buyer to press the vendor or buyer to press the bank or the bank to press the vendor to provide titles to the buyers?
Life is short. Live passionately.
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Rank: Member Joined: 10/23/2007 Posts: 604
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It all depends on the agreement. Who is supposed to do what? Anyway, I think you should push the bank, being that they are the Owner's appointed agent. Did you state the completion period in the agreement?
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Rank: New-farer Joined: 6/22/2015 Posts: 51 Location: Nairobi
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Coolbull wrote:It all depends on the agreement. Who is supposed to do what? Anyway, I think you should push the bank, being that they are the Owner's appointed agent. Did you state the completion period in the agreement? I quote a clause; The price is inclusive of all fees and processing cost and the vendor to ensure the buyer is issued with title free from any encumbrances ...' Are we safe ? A Theory of Everything.
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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aljazeera wrote:Coolbull wrote:It all depends on the agreement. Who is supposed to do what? Anyway, I think you should push the bank, being that they are the Owner's appointed agent. Did you state the completion period in the agreement? I quote a clause; The price is inclusive of all fees and processing cost and the vendor to ensure the buyer is issued with title free from any encumbrances ...' Are we safe ? From the statement above, the vendor is th one with th obligation. The bank is there as an agent to collect fees.
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Rank: New-farer Joined: 6/22/2015 Posts: 51 Location: Nairobi
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Now am getting little confused @Gaddafi and @Coldbull who do i go with? A Theory of Everything.
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Rank: Member Joined: 7/17/2008 Posts: 152
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Were the titles available or to be processed? Sellers sometimes promise titles but ultimately it's the lands office that determines how long it takes.
Unless you are suspecting some thing I think two months is still a short time.
However, communication is vital. You need to know what you are waiting for and why the delay.
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Rank: New-farer Joined: 6/22/2015 Posts: 51 Location: Nairobi
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luxel wrote:Were the titles available or to be processed? Sellers sometimes promise titles but ultimately it's the lands office that determines how long it takes.
Unless you are suspecting some thing I think two months is still a short time.
However, communication is vital. You need to know what you are waiting for and why the delay. @luxel this are the one am talking about , KBC /KAMULU /JOSKA Plots By HFCKRecent Customer Inquiriesnot suspecting anything but it is good to know if it is okay to try this or alternatively approach PRC or Optiven . A Theory of Everything.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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aljazeera wrote:luxel wrote:Were the titles available or to be processed? Sellers sometimes promise titles but ultimately it's the lands office that determines how long it takes.
Unless you are suspecting some thing I think two months is still a short time.
However, communication is vital. You need to know what you are waiting for and why the delay. @luxel this are the one am talking about , KBC /KAMULU /JOSKA Plots By HFCKRecent Customer Inquiriesnot suspecting anything but it is good to know if it is okay to try this or alternatively approach PRC or Optiven . @Aljazeera looks "innocent" like a 6-10yr old. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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