Pls thanks for the video. I have a land measuring 50x75 with and an uncompleted building having only the purchasing receipt. Now I want to take a loan with this property and I am told I needed these documents. That’s what led me to searching for videos like this? So ho do I go about this? I need your advice.
Yes, you will definitely need a proper documentation and good title to use your land as collateral. It is important to note that the purchase receipt does not transfer the rights and claims of a land, rather you will need a deed of conveyance to be drafted by a lawyer and signed by you and the seller. You should get a surveyor and a lawyer to get you started with the documentation.
