Owning property is a major investment, and verifying the authenticity and accuracy of your property title is crucial.
The Philippines has a detailed process for title verification to protect buyers and sellers. Here’s a step-by-step guide to simplify the verification process:
Understand the Basics
Know the two main types of property titles: Transfer Certificate of Title (TCT) for land and Condominium Certificate of Title (CCT) for condos. These are issued by the Register of Deeds where the property is located.
Get a Certified True Copy
Start by obtaining a certified true copy of the title from the Register of Deeds office. This document provides a snapshot of the property’s status and ownership history.
Check Title Details
Review the certified true copy for accuracy. Ensure the information matches the property’s actual features, including boundaries and any restrictions.
Confirm Authenticity
Obtain another Certified True Copy from the Register of Deeds to confirm the title’s authenticity. This document should have the official seal and signature.
Validate Ownership
Review the ownership history on the title’s back. Verify that the names match the seller’s information on your copy.
Check for Encumbrances
Look for annotations indicating mortgages, liens, or other encumbrances. These provide insights into the property’s financial history.
Consult a Professional
If in doubt, seek advice from a real estate lawyer or a licensed professional. They can provide expert guidance on the title.
Use Online Verification
Some local government units offer online verification services. Check if your area has an online platform for title verification.
Attend a Seminar
Local government units often conduct seminars on property ownership and titles. Attending one can provide valuable insights.
Keep Records Secure
Store all relevant documents, including the certified true copy, in a safe place. These records are crucial for future transactions.
By following these steps and seeking professional advice when needed, you can ensure that your property ownership is secure and well-informed. Knowledge is key to ensuring that your property title is valid and accurate.
