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Showing posts with label Land Title. Show all posts
Showing posts with label Land Title. Show all posts

Thursday, August 30, 2018

Why Do You Need To Convert Your Land Title To eTitle?

Buying real property can be considered among very important investments for an overseas Filipino worker (OFW) must have. having your own house and lot is a big accomplishment in a life of OFWs regardless of how big it is or its location or if you bought it cold cash or through a mortgage loan. To own a real property, it is important that you secure proper documentation. You need to be issued a land title as a proof of ownership. But what if your title was lost or damaged no matter how safe you keep it?
That is why the Land Registration Administration urges every Filipinos to enjoy the benefit and convenience of converting their paper land titles to electronic titles also known as the eTitle.

uying real property can be considered among very important investments for an overseas Filipino worker (OFW) must have. having your own house and lot is a big accomplishment in a life of OFWs regardless of how big it is or its location or if you bought it cold cash or through a mortgage loan. To own a real property, it is important that you secure proper documentation. You need to be issued a land title as a proof of ownership. But what if your title was lost or damaged no matter how safe you keep it? That is why the Land Registration Administration urges every Filipinos to enjoy the benefit and convenience of converting their paper land titles to electronic titles also known as the eTitle. Ads Sponsored Links The Philippine Embassy in UAE on Tuesday, August 28, encouraged overseas Filipino workers (OFWs) in the UAE to convert their physical copy of land titles to e-titles or the digital version of land titles. Under the Land Regulatory Authority’s (LRA) Land Titling Conversion Project, original titles in the Registry of Deeds are now stored in digital databases while the landowner’s duplicate copies of land title can now be converted to e-titles. In a video uploaded by LRA, physical copies of land titles are prone to get lost, production of multiple fake copies, fire, and other natural disasters that may damage the physical copies. Landowners will also no longer need to pay hefty fees in securing another copy of the land title when their duplicate copies are lost. Moreover, e-titles also have security features to further protect the legitimacy of the land title. Landowners need to bring their duplicate land title copies and other required documents to the Registry of Deeds or nearest satellite office. The LRA personnel will then compare the duplicate copy to the original copy stored in their database. Once validated, the physical copy will then be converted to e-titles for a minimal fee. The e-title will be available for pick-up after a few days. The Land Registration Authority has been implementing the Voluntary Title Standardization Program. It provides title owners the option to upgrade manually-issued titles to “eTitles”, which are issued by LRA’s new Computerized System. LRA’s Computerized System was developed as part of the agency’s Land Titling Computerization Project, which aims, among others, to: 1. Maintain on-line information on titles that is current, complete and accurate. 2. Maintain the security and integrity of records by safeguarding these from tampering or destruction and deter substitution or insertion of questionable data, in paper or digital form; and 3. Provide a system of timely detection and identification of fake land titles which will assist in the identification of persons responsible, therefore. How Do You Convert Your Land Title to eTitle? Bring your owner’s duplicate title and other required documents to the registry of deeds or the nearest satellite office. The LRA personnel will match the duplicate copy to the original to validate authenticity. Once validated, the conversion process of your manual title to eTitle will commence. And after a few days, your owner’s duplicate eTitle will be ready for pick-up–all for a price of a movie date. So start enjoying the convenience of a tamper-proof, destruction-proof, lost-proof original eTitle and the security of an owner’s duplicate eTitle. Start converting today!” Why do you need to convert your paper land title to eTitle? Both original and duplicate titles are made of paper and these can be faked, lost, or misplaced, or destroyed by wear and tear, fire, and natural disasters. The answer is land title conversion to eTitle. The LRA has embarked on the eTitling Conversion Project. Original titles in the Registry of Deeds Vaults are now digitzed and stored in the computer database while owners’ duplicate copy of title can now be converted to eTitles. eTitles are immune from the dangers paper titles are exposed to. Landowners are also spared from the expensive and tedious reconstitution process whenever the original titles are lost or destroyed. Ads With the use of technology, the eTitle now empowers the LRA to further improve its delivery of services. eTitles also address the risk management requirements of banks and other institutions. Convert your titles! While the LRA is doing its part, you must also do your share as a landowner. Filed under real property, investments, overseas Filipino worker (OFW), mortgage loan, land title, Land Registration Administration, Filipinos electronic title, eTitles

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The Land Regulatory Authority’s (LRA) urges everyone including the OFWs to convert their physical copy of land titles to the digital version of land titles or eTitles.



Under the Land Titling Conversion Project of the  LRA, original titles in the Registry of Deeds are now stored in digital databases while the landowner’s duplicate copies of land title can now be converted to e-titles.



The Land Registration Authority has been implementing the Voluntary Title Standardization Program. It provides title owners the option to upgrade manually-issued titles to “eTitles”, which are issued by LRA’s new Computerized System.



LRA’s Computerized System was developed as part of the agency’s Land Titling Computerization Project. 

Its aim is to maintain on-line information on titles that is current, complete and accurate. It is also designed to keep the security and integrity of records by safeguarding these from tampering or destruction and deter substitution or insertion of questionable data, in paper or digital form, and provide a system of timely detection and identification of fake land titles and to help identify the persons responsible.


How Do You Convert Your Land Title to eTitle?

Bring your owner’s duplicate title and other required documents to the registry of deeds or the nearest satellite office. The LRA personnel will match the duplicate copy to the original to validate authenticity.

Once validated, the conversion process of your manual title to eTitle will proceed. Your owner’s duplicate eTitle will be ready for pick-up after a few days.

By converting it to its digital version, you can enjoy a tamper-proof, destruction-proof, lost-proof original eTitle and the security of an owner’s duplicate eTitle.


Why do you need to convert your paper land title to eTitle?

 Because it is made of paper, physical copies of land titles are prone to get lost, faked, caught in a fire, and other natural disasters that may damage it. 
Landowners will also be spared to pay hefty fees in securing another copy of the land title when their duplicate copies are lost.



The e-titles also have security features to further protect the legitimacy of the land title.

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With the use of modern technology, the eTitle now empowers the LRA to improve its delivery of services. eTitles also comply with the risk management requirements of the banks and other institutions. You do your share as a landowner while LRA does its part. Convert your titles now.
Filed under real property, investments, overseas Filipino worker (OFW), mortgage loan, land title, Land Registration Administration, Filipinos electronic title, eTitles
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What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
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Tuesday, December 05, 2017

East West Bank Acquired Properties For Sale This December 2017

December is the best time of the year. It is a happy month indeed because of Christmas Celebrations to be followed by the New Year! Another thing to be happy about December is that almost all employees are receiving Christmas Bonus. Spending bonus is exciting but make sure to spend it wisely or on things that are valuable. How about investing it in properties? There are a lot of banks in the Philippines with foreclosed properties that are for sale this December 2017. One of them is the East West Bank that are selling their acquired properties at a very reasonable price. Below is the list of properties for sale from East West Bank. At the bottom of the page is the PDF file for the complete list. Feel free to download the list for better viewing of the properties!
December is the best time of the year. It is a happy month indeed because of Christmas Celebrations to be followed by the New Year!  
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 Another thing to be happy about December is that almost all employees are receiving Christmas Bonus. Spending bonus is exciting but make sure to spend it wisely or on things that are valuable. How about investing it in properties? There are a lot of banks in the Philippines with foreclosed properties that are for sale this December 2017. One of them is the East West Bank that are selling their acquired properties at a very reasonable price.

 Below is the list of properties for sale from East West Bank. At the bottom of the page is the PDF file for the complete list. Feel free to download the list for better viewing of the properties!







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 Contact Information
If you are interested in the properties listed above, you may contact directly to the EastWest Bank for questions and inquiries. 

Telephone
Customer Service Hotline - (02) 888-1700
Domestic Toll-Free - 1-800-1888-8600
US Toll-Free - 1-866-828-6296
Corporate Office Trunkline - (02) 575-3888

Social Media
Facebook facebook.com/eastwestbanker
Twitter twitter.com/eastwestbanker


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Wednesday, October 11, 2017

How to Buy a House in The Philippines Even If You are Abroad


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Providing a good life and better future for the family is on the top of the lists of  priorities of an OFW and it includes having a decent and secured home for them. They look for real estate properties online for the best deals on their preferred location. Since real property is a good investment, many OFWs choose to secure their own house and lot. 
But do you know that you can buy your desired real property even if you are working abroad ?
If you already have the money and the desire to acquire a real property, you are reading the right article.

Buying a Property From a Developer

The first step would be to assign a trusted representative to act on your behalf; we call it SPA or Special Power of Attorney. In documentations, you will see it as Attorney-in-fact. This representative will sign all documents under your name and will probably do the leg work for all the requirements in the Philippines. 
It could be your parents or siblings if you’re single or your spouse if you are married. Your children can also act on your behalf if and only if they already reached legal age and already working. It is not advisable that you set your real estate agent or broker unless otherwise there is an absence of the entire immediate family or you have a secure connection or you are blood-related to them. 
Complete the registration or reservation process with your SPA and your chosen real estate agent. Working with a single real estate agent from the start would help you avoid confusions and any problems that may arise in the future. 
During reservation, your SPA should bring the following. 
  • Reservation Fee 
  • Buyers Information Sheet (should be under your name) 
  • Authorization Letter from you for your assigned SPA 
  • Your two valid Government Issued IDs’s with three specimen signatures 
  • SPA’s two valid Government Issued ID’s with three specimen signature 
  • Proof of Income (Scanned copy of your Job Contract or payslip) 
Check the reservation receipt issued to your SPA, make sure it is really under your name. 
You and your SPA will be given 30 to 60 days to complete all the documents required to secure your purchase.
The requirements that you need to prepare overseas are the following:

Consularized Special Power of Attorney (to be processed at the Philippine Embassy in the country you are in). 

Certificate of Employment with Compensation (if available)
Your current/active Job Contract (in English) 

Scanned copies of your Passport entries (up to the last entry)

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Buying a Property From a Reseller
Assign a trusted representative to act on your behalf, a SPA or Special Power of Attorney. They should be able to inspect the location and property for you. 
Choose the property you want to purchase. 
Make sure the seller could present to you the following; 
Land Title, Property Tax Declaration, and Vicinity Map. 

Secure a Certified True Copy of the Property Title of Ownership. Make sure that you are dealing with the owner listed in the property title itself. If he/she is a relative or a representative of the owner they should have the Authority to Sell. 
If the sale is final, your Attorney-in-fact will sign on your behalf (on your name). The Deed of Sale should be bearing your name and NOT the name of your representative. 



For purchases that prefer financing or under a housing loan, the financing institution like banks or PAG-IBIG Fund may request other documents from you to have the loan approved.

 What ever would be the nature of transaction, it is always best to take precautions. Deal only with legitimate sellers and developers.
Real property is the best investment. Instead of buying liquid assets like gadgets and apparel which the value defficiates overtime, it is wiser to put your money on the right investments. After all, working abroad will not last a lifetime. The OFWs should be ready when they decided to settle and go back home for good.

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Tuesday, June 28, 2016

ABOUT LAND TITLES, HOW TO TRANSFER LAND TITLE TO YOUR NAME





How to transfer land title to your name, and the processes on how to transfer land title from Deed of Sale and other infos. 

SEE ALSO:
HOW TO VERIFY THAT LAND TITLE IS NOT FAKE

Processes on how to transfer Land Title

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Wednesday, April 06, 2016

How To Verify If Land Title Is Authentic


Step by step process how you can check the AUTHENTICITY OF LAND TITLE from the Registry of Deeds... CTC

If you are planning to invest in properties or purchasing land it is very important to verify the legitimacy of your contract or deed of sale by checking first if the seller really has legal ownership or rights to the property. Nowadays, even land titles are being faked by scammers. 
Photo credit Phil Property Expert

 So before you close the sale here is the best way to check and ensure that the title is really authentic.

 1. Ask for a copy of LAND TITLE- legitimate seller will not have problem providing this since it is only a photocopy and not the original one. 



2. Visit the Registry of Deeds and ask for a CERTIFIED TRUE COPY of the title- You will be presenting the COPY of the LAND TITLE and they might also ask you to fill up the form for your request. If asked for your purpose, inform them you are interested in buying the property. 
The processing fee is around Php 300.00 

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3. If the LAND TITLE presented to you is authentic they will be able to pull out the title for the property. Remember the CTC or certified true copy from the Registry of Deeds should have the same details and information and perfectly match the Land Title of the seller.  

 Moreover here are other tips to check the authenticity of the land title. 




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