PAGPAPALIPAT NG TITULO NG NA FORECLOSED NA LUPA

By | June 30, 2016

 

 

  1. Hi Atty, may napanalunan po kami na property sa Antipolo nung last Apri7 2015 nung pina auction nila ang mga prop na hindi nabayaran ang tax at nag issue sila ng Certificate of sale sa amin. Ngayon pa ano ang dapat naming gawin para ma salin na  sa amin ang titulo sa pangalan namin. Thanks po.

 

ANS: Una ninyong gawin ay tiyakin na ang mga kaakibat na mga taxes, fees, tungkol dito(BIR-(Certificate Authorizing Registration-CAR) , ASSESSOR’s Office,at at transfer fees/tax ay fully paid.

 

Then proceed kayo sa office of the Register of  Deeds with the original copy of the Certificate of Sale at proof of payments of taxes and the corresponding Certificate Authorizing Registration(CAR) issued by the BIR. Then have the Certificate of Sale registered with the Register of Deeds, para macancell ung lumang title in exchange of a new title under your name. Kindly take note that :

 

Per Administrative Matter No. 99-10-05-0 (as further amended on 07 August 2001), the Supreme Court prescribed the following procedures in the Extra-judicial foreclosure of mortgage:

 

 

 

After the certificate of sale has been issued to the higher bidder, keep the complete records, while awaiting any redemption within the period of one(1) year from the date of registration of the certificate of sale with the Register of  Deeds concerned, after which, the record shall be archived. Notwithstanding the foregoing provisions, juridical persons whose property is sold pursuant to an extrajudicial foreclosure, shall have the right to redeem the property until, but not after, the registration of the certificate of foreclosure sale which in no case shall be more than three(3) months after foreclosure whichever is earlier, as provided in Section 47 of Republic Act No.8791 ( as amended, August 7, 2007).

 

There is right of Redemption of one(1) year from the registration of the Certificate of sale. If the mortgagor is a juridical person the redemption period is until but not after, the registration of the certificate of foreclosure sale with the  applicable Register of Deeds which in no case be more than three(3) months after the foreclosure whichever is  earlier.

 

There is NO right of Redemption  but only EQUITY OF REDEMPTION, unless the mortgagee is a bank or banking institution. In the latter instance, the redemption period shall be one(1) year from the date of registration of the Certificate of Sale.

 

Salamat sa pag sulat mo at iyong pagiging bahagi ng “GLOBAL PINOY BATAS COMMUNITY.”

 

 

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2 thoughts on “PAGPAPALIPAT NG TITULO NG NA FORECLOSED NA LUPA

  1. Carmelita

    I want to ask about my father right over the tenanted agricultural land back home. My father was a farmer and he cultivated the land of my uncle for almost 30 years. He passed away last 2015 and then we children took his place and did the work at the farm until now. Can you please tell us about the present agrarian reform law as the land owner want to get back the land and want to remove our rights as a heir of father. Is there any posibilities that the land owner can easily get back the land to us? Everytime during farming period we shoulder all the expenses and we honestly share 2/3 of the harvest or whatever the income of the land was cultivated. Now, the land owner are harrashing us to get back the land and as per land owner we no have no right of the land even if we are the children of my father cultivated the land for over 30 years? Please tell us what to do and right to the land.

    1. Carmelita

      Can land owner get back the land to us without any process?

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