Always Buy Titled Properties in the Philippines
Real Estate dealings in the Philippines are a cause for worry due to the many ingrained problems in the business culture. Here is a tip for a trouble Real Estate transaction.
If you want to buy a property in the Philippines, make sure its a titled property. Many properties in the Philippines are not titled, or they are registered under the Torrens system. Buying an untitled real estate (usually verified by a Tax Declaration), you cannot maximize the full advantages of the Torrens system thus forces you to investigate for yourself the “change of hands of the property concerned” , from the current owner up to the first owner, usually goes way, way back to the early period of the 20th century. Now, if you buy a title secured property, you can trust the fact that the proprietor is that one who is stated in the title.