Property Insurance Certificate Of Title

Nightmare on Visayas Avenue

Something has gone terribly wrong with the land registration system we copied the models of a bureaucrat appointed South Australia Sir Robert Torrens. Now known as Torrens title, the certificate of land issued by the government through its sovereign agency (now called Earth Registration Authority [LRA]) is supposed to be accorded the utmost respect and authority when it comes to land disputes .

The system was designed to provide "conclusive proof of land ownership" and "relieve the property of the uncertainty of unknown relationships or encumbrances.” In other words, land titleholders under the Torrens system were assured that they could sleep easy and trust the government to keep such certificates wholly trustworthy, worry-free and totally safe from the machinations of land-grabbers.

Sleeping on job

But if the LRA is sleeping on the job, the nightmare begins. The 24-hectare premium real estate in Quezon City being claimed by Wilfredo Torres is a case in point. Torres said he derived his ownership of the property from ancient documents dating back to the era when grants or titles over expansive tracts of our lands were being churned out and distributed by the Spanish Crown to favored subjects.

Through the decades, this vast real estate had been parceled out, transferred and acquired by individuals who had no knowledge of its history and thus merely relied on what appeared on the Torrens title.

Innocent purchasers

They had every right to do so. One eximious principle governing lands covered by the Torrens system is that third parties who have no knowledge whatsoever of any defect, lien or encumbrance not annotated on the title are deemed “innocent purchasers for value” and their title indefeasible (perfectly legal and unassailable) against all unknown claims.

The law does not require them to look beyond the annotations on the title.

As the controversy unravels, it now appears that the LRA had long been aware of the “spurious” nature of the Spanish titles in question and the other proofs of ownership derived from them through the years, but had done practically nothing to shred those bogus titles to pieces and consign them to oblivion for what they really are: scraps of paper.

NOTICE OF EXTRA-JUDICIAL SALE | Sunday Punch

NOTICE OF EXTRA-JUDICIAL SALE

Posted on October 1, 2011 - Filed Under Judicial Notices | Leave a Comment

REPUBLIC OF THE PHILIPPINES

REGIONAL TRIAL COURT

FIRST JUDICIAL REGION

OFFICE OF THE CLERK OF COURT, DAGUPAN CITY

-o0o-

BALIKATAN PROPERTY HOLDINGS, INC./ Mortgagee

- versus-

SPS. RICARDO AND VILMA RAZOTE, /Mortgagor

EXTRA-JUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE UNDER ACT 3135, AS AMENDED

D-0106-2011

x – - – - – - – - x

NOTICE OF EXTRA-JUDICIAL SALE

Upon extra-judicial petition for sale under Act 3135, as amended, filed on August 24, 2011 by BALIKATAN PROPERTY HOLDINGS, INC. against SPS. RICARDO AND VILMA RAZOTE of Dona Lutgarda Subd., Capas Tarlac or Sta. Martha, Villa Sta. Barbara, Sta. Bra., Pangasinan to satisfy the mortgage indebtedness which as of July 28, 2009 amounts  to THREE HUNDRED TWELVE THOUSAND THREE HUNDRED  TWELVE  PESOS AND 50/100 (P312,312.50) and expenses  incidental to the public auction sale, the undersigned Sheriff IV will sell at public auction on October 25, 2011 between 9:00 o'clock in the morning and 4:00 o'clock in the afternoon, in front of the Municipal Bldg., (main entrance), Sta. Barbara, Pangasinan to the highest bidder, for cash and in Philippine currency, the below-described property, with all existing improvements thereon, to wit;

TRANSFER CERTIFICATE OF TITLE NO. 202229

Sta. Barbara, Pangasinan

A parcel of land (Lot 5, Blk. 5, Psd 015558-026273, being a portion of Lot 3-D-1, Psd-015538-024723, L.R.C. REC. NO. ____), situated in the Bo. Bigol, Botao and Minien, Mun. of Sta. Barbara, Prov. of Pangasinan, Island of Luzon. Bounded on the NW., along line 1-2 by Lot 4, Blk. 5; on the NE., along line 2-3 by Road Lot 5; on the SE.,along line 3-4 by Lot 6, Blk. 5; on the SW., along line 4-1  by Road Lot 4, all of the subd. plan. Beginning at a point marked "1" of Lot 5, Blk. 5, on plan, being S. 89 deg. 02'E., 176.20 m. from BLBM No. 1, Bo. Minien, Sta. Barbara, Pangasinan, thence N. 16 deg 02'E., 16.11m. to point 2; thence 5.79 deg. 12'E., 9.04 m. to point 3; thence S. 16 deg. 03'W., 16.93 m. to point 4; thence N. 73 deg. 59'W., 9.00 m. to point of beginning, containing an area of ONE HUNDRED FORTY NINE (149) SQUARE METERS. All points referred to are indicated on the plan and are marked on the ground as PS  cyl. conc. mons. 15×60 cms; bearings true, date of original survey on 1915; date of subd. survey on Feb. 20-27, 1994 executed by Engr. Leandro Diocares and approved on June  26, 1994.

Of mice and men

Elements of Style

The Grapes of Wrath

Song of Solomon

A Confederacy of Dunces