menk
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Posts posted by menk
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Good day everyone, we are planning to buy a residential lot in QC about 175sqm. The copy of TCT got burned in Registry of Deeds on 1988 and the owner (still has the original title) has not yet reconstituted the title. The owner has not yet also transfered the title to her name and it's under Sta. Lucia realty. We have checked with the Sta. Lucia to check the records and we have confirmed that indeed it was sold to the owner back in 1987. However, the owner is already dead and the son is now the one selling the property. They are only in the process of producing the Extrajudicial particion, which according will take about 3 weeks to complete.
Question Masters, once the extrajudicial is complete can we now purchase the property even if the reconstitution is under way? what are the risk of purchasing a title that is yet to be reconstituted? how much is the cost of reconstituting a title and how long does it normally takes?
Thanks in advance.
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Happy Birthday Escober! :heart:
The best WNC player ever...
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happy easter mga pre!!!
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hehe, pero pwede tuloy na ang game mamaya, join ka na
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natuloy ba ito pizza?
mark vs 5?
haha
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MTC are mostly dominated by Ateaneans!
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^^ ayus nagbabalik na si bjorn
magaling na ba injury mo?
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oks na pare!
medyo busy lang kaya hinde na rin ako nakakalaro the past few weeks.
hehe! :thumbsupsmiley:
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sa pioneer sir hindi sa shaw
meron yan laro para sa iyo :thumbsupsmiley:
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hangang what time kaya pre? tnx!
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pre i wanna play. kaso with my sched ang hirap eh. hopefully next week. naks lalaro na ulit si porch. hahaha!
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unang unang post hehe, ang tagal mong voyeur
hahaha! o nga e. always on lurker mode from the other forums :boo: . ngayon lang ako nagawi dito e. sana matuloy, coz that would be my last game.
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The Legal Side of Real Estate
in Legal
Posted
We have a licensed broker helping us already. I think the 3 weeks pertains to the publication of the extrajudicial particion. According to the son, the remaining heirs of the seller had already signed the docs.
What about the reconstitution aspect? Is it safe to purchase a property that is yet to be reconstituted? Thanks!