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    Why Is It Important To Replace A Lost Land Title ASAP?

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    Be Bhing
    The Land Registration Authority can issue an order for a new land title to the Register of Deeds through an administrative process if more than 500 titles are lost or damaged. This process is shorter than going through the courts. It is important to replace a lost land title as soon as possible to prevent fraudsters from falsely claiming ownership and selling the property, which could impact future sales that require the original title as proof of ownership. Replacing the title is also needed to easily transfer property to heirs or for heirs to file for estate settlement in cases of deceased owners.

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    Why Is It Important To Replace A Lost Land Title ASAP?

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    Be Bhing
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    The Land Registration Authority can issue an order for a new land title to the Register of Deeds through an administrative process if more than 500 titles are lost or damaged. This process is shorter than going through the courts. It is important to replace a lost land title as soon as possible to prevent fraudsters from falsely claiming ownership and selling the property, which could impact future sales that require the original title as proof of ownership. Replacing the title is also needed to easily transfer property to heirs or for heirs to file for estate settlement in cases of deceased owners.

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    Lost title

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    Administrative Process

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    The Land Registration Authority can issue an order for a new land title to the Register of Deeds through an administrative process if more than 500 titles are lost or damaged. This process is shorter than going through the courts. It is important to replace a lost land title as soon as possible to prevent fraudsters from falsely claiming ownership and selling the property, which could impact future sales that require the original title as proof of ownership. Replacing the title is also needed to easily transfer property to heirs or for heirs to file for estate settlement in cases of deceased owners.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views1 page

    Why Is It Important To Replace A Lost Land Title ASAP?

    Uploaded by

    Be Bhing
    The Land Registration Authority can issue an order for a new land title to the Register of Deeds through an administrative process if more than 500 titles are lost or damaged. This process is shorter than going through the courts. It is important to replace a lost land title as soon as possible to prevent fraudsters from falsely claiming ownership and selling the property, which could impact future sales that require the original title as proof of ownership. Replacing the title is also needed to easily transfer property to heirs or for heirs to file for estate settlement in cases of deceased owners.

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    © All Rights Reserved
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     Administrative Process

    The LRA (Land Registration Authority) issues an order for request of a new title to the Register
    of Deeds. The entire process is shorter and doesn’t require the owner to go to the court. But you
    may do this only if not less than 500 titles are lost or damaged at the Registry. If it is less than
    500, the only option is to go through the jurisdiction process.

    Why is it Important to Replace a Lost Land Title ASAP?

    Fraudsters can claim as false owners of your property and might sell it to buyers who are
    unaware of the illegal claim. It is not only the risk of fraudsters claiming ownership over your
    property that may arise. But if you plan to sell the property in the future, an original copy of the
    land title is required as proof of your ownership over the property. A title transfer is not
    sufficient enough to claim ownership.

    Also, it will be difficult to transfer the property to heirs without the original land title. Or if in
    cases of deceased owners, the heirs need to file for an Extra-Judicial Settlement of Estate before
    applying for reconstitution or reissuance of land title. The situation is even more difficult in cases
    wherein the heir is also deceased.  

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