Sellers, did you know that once the mortgage bond registered over your property is settled (paid up) the bank does not automatically cancel the bond in the applicable Deeds Office register?
Should you require the bond to be cancelled, in order to obtain your original title deed, you will need to inform the bank accordingly so that they can instruct an attorney from their approved panel to attend to the formal cancellation in the Deeds Office.
Bothas Incorporated serves on the cancellation panels of ABSA, FNB, Nedbank (People’s Bank) and Nedbank Business Banking.
If you need assistance with this, or any other legal work, call Bothas Incorporated on 035 792 2011.