How to Bank check Land Titles in the Philippines and Spot Fake Ones in xxx Seconds

Despite all the regulations put in identify to fight scammers and con men in the Philippine real manor manufacture, there are all the same a lot of cases beingness reported where unsuspecting victims fall for fake land titles. For instance, but recently (March 22, 2015), Inquirer reported on a land scam syndicate which already has a number of victims who lost their coin by buying properties with fake titles.

To avoid getting yourself into a like problem, your commencement line of defense is a brusk and quick check of the land title that is presented to yous. At that place are very specific characteristics of authentic Philippine land titles. If one or more of these are missing on the title that is presented to you, so you know correct away that you lot're dealing with scammers.

Ms. Cerise Valdez, one of the land registration examiners from the Land Registration Authority of the Philippines, shares with united states these items which you can check for in thirty seconds or less.

Physical Qualities

The papers used for accurate land titles in the Philippines are supplied by the Banko Sentral ng Pilipinas. These papers are physically unique from all other kinds of papers that you tin purchase from stores. Here are the things you should look for:

  1. The texture is similar to that of a bank check
  2. It has a faint watermark that says "LRA"

  3. If it's an old title (before the newer eastward-Titles being used today), the color of the newspaper is light yellow.

  4. If it's an e-Championship, the color should exist pale straw.

  5. Tiny fibers and dots should exist noticeable

  6. And if you could use a UV light, these fibers should fluoresce or shine slightly when subjected to UV low-cal.

Content

Below are the items yous should look for in the contents of the title you are checking:

  1. If it's an Original Certificate of Title (OCT), it should indicate "Judicial Form No. 108-D" at the elevation.
  2. If information technology's a Transfer Certificate of Championship (TCT), it should indicate "Judicial Form No. 109-D"
  3. The serial number label ( SN No. ) should be in carmine color, while the digits should be in blackness for the owner's indistinguishable.
  4. The final 2 digits of the folio number in the upper right mitt side should stand for to the concluding two digits of the TCT number.
  5. The red/blue border should be slightly embossed and not flatly printed.
  6. For e-Titles, all entries should exist computer encoded and printed, unlike the onetime versions which were manually type-written
  7. The seal on the lower left mitt side should exist dark blood-red and does not blot when a litle h2o check is washed.

  8. Signatures:

    for Judicial October, it should have 2 signatures present – the Administrator and the Registrar; while for TCT, only the signature of the Registrar is present.

    For Administrative Titles: i signature from a PENRO or CENRO officer and another from the registrar.

Key Takeaways

When information technology comes to transactions involving any kind of existent estate, the money involved is usually considerable, if non a serious corporeality. And then you'll have to exist careful, peculiarly when you're dealing with strangers. Continue in mind the above items and await for them in a land title that is presented to you. If the title does not pass this uncomplicated examination, and then you accept saved yourself a lot of problem, time and money; You don't have to exercise further verification anymore since you lot already know it's fake.

However, please also notation that fifty-fifty if the title passes this beginning and immediate exam, you still can't be 100% sure that it is accurate, until you verify it with the LRA, the Registry of Deeds and the concerned local offices of the Municipality where the property is located. For farther reading on this, we recommend besides checking out these subsequent posts:

  • Where to Verify Actuality of Property Titles
  • How to Transfer Real Estate Titles in the Philippines (From a Sale)
  • Tin can a Property Exist Sold Using Just a Photocopy of its Certificate of Title?

Stay prophylactic from simulated championship scams everyone.


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Joanne Almaden

Joanne Almaden

Joanne is a licensed real estate banker and appraiser. She founded Phil. Property Expert, Inc. – a meridian-notch existent estate services visitor whose vision is being the most trusted company when it comes to competence and quality of service.