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4 Tips Before Buying a Land in the Philippines To Avoid Problems
1.The law requires you to be more diligent in buying. When you're buying a registered lot or land, look at the TITLE. If it's clean or if the Title has no problems, you can rely on the four corners of the TITLE. You're considered already a buyer in good faith. So you're already protected if you buy it. If the seller shows you the TITLE, it has to be the OWNER'S DUPLICATE TITLE. And the SELLER is the OWNER. In this way, you can say that you're a good buyer in good faith. Three things you should remember when looking at the title.
If you found any of these problems, you should find a way to fix those problems or you can find another land to buy.2. Check the authority of the Real Estate Agent who sells the property. Does the agent has SPA (Special Power of Attorney). Is the signature valid?
4. The most important thing is to verify the land title in the Registry of Deeds. Request a Certified True Copy of the land title in the Registry of Deeds.
If you are still have any doubts to the land you're going to buy, it's best to consult a lawyer and ask questions. Protect yourself from fraud or hidden issues of the land you want to buy.
Do you have any problems with your lot or land? Tell us in the comment below.
"4 Tips Before Buying a Land in the Philippines To Avoid Problems" 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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