Recently, I’ve been encountering Transfer Certificate Titles (TCT) and Condominium Certificate Titles (CCT) with this Lien: Section 4 of Rule 74 of the Rules of Court. Do you want to learn more about this law? (Click Here) In a nutshell, I believe it says that you can’t transfer your title to anyone unless the deceased is dead for two years.
I’m beginning to realize that this is a very common encumbrance. People who inherited property do not mind, or is not aware of, this encumbrance until they sell their property. It takes at least 2 weeks for this lien to be processed and canceled by the Registry of Deeds. In addition to those weeks you spend waiting, are the hours you spend traveling and waiting in line for your number to be called. So, kindly check your Titles. If you read Sec.4 Rule 74 on it, prepare for it and have it canceled.
You need these:
- Owner’s Original copy of TCT or CCT.
- Verified Petition to cancel lien. (Request this from your lawyer who will charge you a professional fee of 3K max.)
- A Photocopy of Presenter’s two valid I.D.s (If you are hiring a real Estate Broker for this, a professional fee of 5K is fair.
- Registry of Deeds Application Form
I have and know people who can work on this. If your property is located in Metro Manila, Quezon City, we can assist you. Or, if you have other concerns regarding your title, estate taxes, or transfer taxes, let’s talk.
Filed under: LAW, Sec.4 Rule 74, CCT, Condominium Certificate Title, encumbrance, law, lien, Quezon City, RD Q.C., Registry of Deeds, rule 74, rules of court, sec 4, TCT, Title, Transfer Certificate Title
This was taken from SEC. 20. of the Implementing Rules and Regulations of Republic Act No. 9646, known as the “Real Estate Service Act of the Philippines”
An applicant for registration without examination must submit the following documents on or before 30 July 2011:
- Original and photocopy of Certificate of Live Birth / Birth Certificate (NSO), or valid Philippine passport, or any other proof of citizenship;
- Original and photocopy of Certificate of Registration (COR) and / or Professional Identification Card (PIC) or DTI Licenses;
- DTI Certification of Rating (for those who passed the examinations but failed to obtain their license);
- Original and Photocopy of NBI clearance;
- Duly notarized CEP / CPE Certification;
- Civil Service Commission Certification, DOP, or any other national government agencies, of GOCC Certification (assessors or government appraisers), or any certification of accredited seminar / training provider;
- Appointment papers and service records to prove appraisal or assessment experience (for assessors or government appraisers)/
- Original and Photocopy of Marriage Certificate / Contract of Marriage (NSO) (if applicable);
- Four (4) passport size colored photos with complete name tag in white background, original and photocopy of community tax certificate (CTC), and surety bond for Real Estate Brokers and private real estate appraisers.
View Application (click here) Courtesy of Realtor Manny Bocaling, PAREB National President
Filed under: LAW, Real Estate Broker, RESA IRR, PRC, Real Estate, Real Estate Broker, Real Estate Service Act of the Philippines, Realtor, Republic Act No. 9646, RESA LAW