We are planning to purchase a lot somewhere in Bulacan. The lot is originally owned by three siblings. In the title it was mentioned that the lot was owned by Mr.____spouse of ____, so on and so forth. Now, the children of these three original owners are interested in selling the property while their parents are still alive.
I had a copy of the title, and had it checked in the local registry of deeds. We saw remarks at the back that the registry issued two co-owners copy of the title. When we are asking for the copy of the 2 co-owners copy from the seller, they told us it was lost. Only one owner showed us a copy and that was the one we had checked with the registry.
If I want to buy the property, what are the documents and procedures that I need to know to acquire the lot legally and without future hassles. Is it okay that they only show one title, since they cannot retrieve the other 2. How will I be rest assured that the lot is not sold by the seller to other parties? Prior to buying, what are the legal steps do I need to know.
Appreciate your help on this matter.
I had a copy of the title, and had it checked in the local registry of deeds. We saw remarks at the back that the registry issued two co-owners copy of the title. When we are asking for the copy of the 2 co-owners copy from the seller, they told us it was lost. Only one owner showed us a copy and that was the one we had checked with the registry.
If I want to buy the property, what are the documents and procedures that I need to know to acquire the lot legally and without future hassles. Is it okay that they only show one title, since they cannot retrieve the other 2. How will I be rest assured that the lot is not sold by the seller to other parties? Prior to buying, what are the legal steps do I need to know.
Appreciate your help on this matter.