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What to do when you bought an untitled property and someone claimed it?
Tony has a big problem. What he can do is he can file a case for damages against the one who sold it to him.
But given the circumstance that the title has been transferred to another one, unless it is within the prescriptive period of 1 year from the time it was transferred and there is fraud, he can still go after the title.
He should find out if there was fraud.
If it was transferred to a purchaser in good faith and fair value, he cannot go after the property. He can file a suit or damages against the seller of the property.
For people who buy property, even if you're in good faith. Meaning, you don't see any defect and you did your due diligence, make sure that you register right away if it's land or house and lot. Basta real property or real estate, register right away because it's the first to register that has the better right in case the original owner sells it to two people.
"What to do when you bought an untitled property and someone claimed it?" was written by admin under the Real Estate category. It has been read times and generated 0 comments. The article was created on .
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