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LRA's 5 Easy Steps To Land Titling: Rosalinda L. Orosa
LRA's 5 Easy Steps To Land Titling: Rosalinda L. Orosa
LRA's 5 Easy Steps To Land Titling: Rosalinda L. Orosa
Essentially, there are only five easy steps to take for a landowner in
applying for a title to the property.
Step 3. The documents will be turned over to the examiner who will
check if all the requirements have been met, after which the
information would be encoded.
Step 5. A new land title will finally be printed and issued to the
applicant.
The LRA stresses, however, that application for land titles is strictly
conducted on a “first in registration, first in right― basis.
This simply means that the person or entity who registered the land
first gets the legal preferential right to own it first, according to Diaz.
There are three basic reasons why the LRA issue land titles: sale of
the property, consolidation resulting from mortgage foreclosure, and
involuntary transactions such as court orders.
After resolving the petition, the court will issue an order directing the
LRA to issue a decree of registration, and the corresponding original
certificate of title (OCT) that will be registered with the RD.