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11 Cards in this Set
- Front
- Back
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The law that was enacted to protect buyers of residential lots on financing schemes and may entitle the buyer to
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Realty Estate Buyers installment Protection act
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The Maceda law was made to protect buyers of residential lots in a subdivision as well as condominium projects in case the buyer fails to pay after paying one year of installment, what is the right of the buyer
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A grace period of 60 days to pay the installment due
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If a person is married she should state her marital status as married and also indicate the name of her husband in site of real property. The law that provides this requirement is referred to as.
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PD 1529
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A parcel of land was sold by corporation to the buyer, in case of a corporation, it is required that the person who will sign the deed of absolute sale must be.
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The person authorized by a board resolution
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This law governs the titling and other transfers of title and encumbrances and other incidents of involving the transfer certificate of title and is referred to as Presidential Decree No.1 529 is called.
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The Property Registration Decree
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The registration of a deed of absolute is done with the Register of Deeds. Under what government agency is the Register of Deeds under and reporting to.
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LRA
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Original copies of certificates of title lost or destroyed in the office of the Register of Deeds may be administratively reconstituted provided that the number of certificates of titles lost or damaged should be at lest ten percent (10%) of the total number and provided that the number of certificates of titles lost or damaged is not less than
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500
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The heirs of Mr. Dela Cruz inherited a piece of land and after the extrajudicial settlement of the estate, the title was transferred to the heirs and contained an annotation of Sect 4 Rules of Court which provides the heirs who were not included in the settlement may claim within a period
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Two years from date of registration
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The adverse claim which has been annotated at the back of the title has a validity period of
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30 DAYS
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Juan checked the title of the land he was intending to buy and upon verification he found out that there was a notice of lis pendens at the back of the title. This means that
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The property is subject of a pending case
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When the register of deeds is in doubt as to what proper action to take regarding a deed of absolute sale presented for registration, he may bring the question to the Land Registration Authority by means of.
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Consulta
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