barneyxharvey
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2 days ago with my family pero kung kay special girl i guess wala pa and i'm 28 y/o 😅😅 something is seriously wrong with me. Hahaha
The Legal Side of Real Estate
in Legal
Posted
Good morning. I was hoping to get free legal advice here. Our company deals with the transfer of real properties. One of our clients is a bank. What happened here is they had a former employee who embezzled a substantial amount of money. This employee is now hiding and cannot be found. The bank filed a sum of money case against the former employee. Luckily there are properties under the name of the said employee. There's already a notice of levy on attachment on the former employee's properties. This notice was annotated on the titles. The properties were awarded to the bank as the highest bidder on the auction date. The one-year redemption period has already lapsed, and thus our services were tapped by the bank. My question here is, do we need to reconstitute the title? Or can we proceed with the registry of deeds for the transfer of title even if we do not have the owner's duplicate copy?
Thank you in advance and stay safe!