Last month, I had two separate discussions with 2 of my realtor friends about Court Judgment in property transactions.
The first one called me and said he had a client who wanted to purchase a parcel of land in Epe and the client said he was told by the seller that the title the land has is court judgment. He was confused and wanted to find out from me if court judgment is a property title.
The second one posted a video of the land he was marketing on his WhatsApp status update. I watched it and noticed that at the end he said the title the land has is court judgment. I sent him a message immediately. You should not market properties with court judgment title unless you really understand the judgment. It is not every court judgment that serves as a title.
Court judgment can be a bit tricky because a property dispute case sometimes takes several years to be resolved. In addition, if the judgment was recently issued or if it was not issued by a Supreme Court, you need to bear in mind that it is not final. In most cases it can be appealed.
If you want to purchase or market a property with court judgment, please get a competent lawyer who can investigate the history of the dispute on the property and understand the implications and ramifications of the judgment issued by the court.
Use the form below or by the side to join those who receive our articles directly in their email.