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Title with encumbrance

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naldcagape

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Posible po ba na maalis ang memorandum of encumbrances? pano kaya? bumili kasi ako ng lot sa isang subdivision may nakalagay sa likod ng TCT ko na memorandum of encumbrances: Deed of restrictions mentioned in deeds of sale ang kaso hindi ko alam kung ano yung nakalagay sa deed of restriction dahil hindi ko pa nakukuha copy from the developer pero hawak ko na ang mismong Deeds of absolute sale at TCT. salamat po.

hindi mo po pwede patanggal ung deed of restrictions. part yan ng title pag bumili ka ng condo and sometimes subdivision. restrictions kasi yan ng community. ok lang yan, walang problema diyan.


bigteethty

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hindi mo po pwede patanggal ung deed of restrictions. part yan ng title pag bumili ka ng condo and sometimes subdivision. restrictions kasi yan ng community. ok lang yan, walang problema diyan.

Salamat po sa responsed, so ok lang po pala yun? kasi may nabasa din ako sa ibang forum about sa encumbrances, sa kanya naman nakalagay na parang something na bago niya maibebenta yung kanyang lot, dapat sa developer muna i-offer at pag hindi interesado yung developer tsaka palang niya pwede ibenta sa iba.


naldcagape

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Basahin mo na lang ung deed of restrictions kung ano sinasabi. I don't know if there's a law that prevents that but I most of the big ones don't have that.


cjbarrion

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I'm a newbie here, anyway I just want to ask something I found on my TCT regarding "MEMORANDUM OF ENCUMBRANCE". It is stated, quote-unquote:

" PUBLICATION LIEN: Pursuant to Section 9 of Ministry of Justice Circular No.17 dated May 24, 1983, the land covered by the reconstituted title is subject to a lien in favor of the Land Registration Authority for the payment of the proportionate costs of publication of the notice of hearing in the Office gazette."

Question: Does this mean I have to pay something to LRA to cancel this memo? The previous owner actually didnt discuss about this matter and I just found it at the back of my TCT when I'm browsing my title released under my name. Anyone here who has idea about this, please I need feedback.

Thank you.



ferrariEverest

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have you tried calling LRA and the previous owner?
kailangan po talaga ichecheck ang harap at likod ng titulo.


cjbarrion

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Not yet, probably on monday. I just need to ask if someone here has idea about this.


vicces

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I'm a newbie here, anyway I just want to ask something I found on my TCT regarding "MEMORANDUM OF ENCUMBRANCE". It is stated, quote-unquote:

" PUBLICATION LIEN: Pursuant to Section 9 of Ministry of Justice Circular No.17 dated May 24, 1983, the land covered by the reconstituted title is subject to a lien in favor of the Land Registration Authority for the payment of the proportionate costs of publication of the notice of hearing in the Office gazette."

Question: Does this mean I have to pay something to LRA to cancel this memo? The previous owner actually didnt discuss about this matter and I just found it at the back of my TCT when I'm browsing my title released under my name. Anyone here who has idea about this, please I need feedback.

Thank you.

the annotation is pretty straightforward, and easy to understand --PUBLICATION LIEN, which is the cost of publishing the notice to the public in relation to the reconstitution of the title. If that annotation has not been cancelled, then you need to pay that amount and then ask for the cancellation of the annotation. It may not be that expensive especially if the reconstitution proceedings took place many years ago. not a big problem, imho.

 But take note, reconstitution of title is done over properties with supposedly lost or destroyed titles. It could happen that a fraudster claimed a title was lost due to fire, and caused for the reconstitution, when in fact he has no right over the said property, and the real owner is holding the original certificate of title (owner's duplicate). Find out the history of the land from the original owner, or the person who's name appears on the face of the title, or the last seller.

READ THIS TOO --> http://www.batasnatin.com/law-library/civil-law/land-titles-and-deeds/1547-judicial-reconstitution-under-republic-act-26.html

Hth.


naldcagape

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Thanks Vicces. I learned something new today. I have not seen a lien like that.


cjbarrion

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@vicces, Thank you for sharing your insights.

God Bless!


bauer

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elctaraki05

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Hi all, I'm a newbie here: i just want to ask your input regarding this matter:  may nabili po kami na lupa and nakalagay po sa Memorandum of Encumbrances ng Original TCT na nakapangalan napo sa amin  ay ganito:

"Memorandum of Encumbrances stating: "Entry No. --- Liabilities under sec 4, rule 74: To Creditors, Heirs and other persons unlawfully deprived of participation in the estate of the deceased --- as extra-judicially settled for a period of two years pursuant to section 4 rule 74 of the rules of court. date of instrument : April 7, 2017"

Can someone enlighten me about this?  pwede po ba namin  ipa tanggal sa  original TCT  itong clause na ito after two years from the date of instrument (April 7, 2019)?  Thank you in  advance.
« Last Edit: Jul 17, 2018, 10:26 AM by elctaraki05 »


ymari

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Hello po, ang problem ko naman po ay encumbrance sa pagkakasanla noon sa bank ng bahay ng parents ko. Pero natubos na yun bago namatay si papa. Hindi po nila napa cancel yun encumbrance at hindi po namin alam kung nasaan yung document at resibo ng pagkaka tubos. Ang bank po at close na. Pano po kaya maaalis yun encumbrance sa titulo? Kasi ipapa subdivide ko sana sa aming magkapatid at approve na yung plano.


ymari

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Hi, meron po ba dito naka experience na hindi napa cancel ang encumbrance sa titulo, at yung bank na pinagsanlaan ay matagal ng close, at yung mga document sa pagkakatubos ay hindi na nahanap dahil yung tumubos ay matagal na rin patay?  Paano po ninyo ito pina cancel ang encumbrance? Nag petition po ba kayo sa court?



Shielasamarah

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Same situation po may Memorandum of Encumbrances
Liabilities under sec. Etc...

Real Estate Mortgage : worth 54,100,100.

Pls enlighten me po anu po ba meaning nito? Yan po nalagay sa last page ng copy ng TCT namin.


 


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