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Transfer Done, Fake Title?

Here's another best practice we could adopt from banks: obtain certified copies of new titles and tax declarations after the transfer.


When a buyer takes out a loan from a bank to purchase property, the bank requires certified copies of the title and tax declaration in the buyer's name before releasing funds to the seller. This step ensures that the title handed over to them is genuine and free of any annotations.


I believe this is a practice everyone should follow. The worst scenario would be spending millions on a property, only to discover decades later, when you decide to sell it, that the title you've been holding is fake.

© 2024 by JUAN PATAG REAL ESTATE

RE/MAX Capital, 5th Floor, Phinma Plaza

Plaza Drive, Rockwell Center, Makati City

Metro Manila, Philippines

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