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Safeguarding Your Investment: Real Estate Due Diligence with the LRA eSerbisyo Portal

 

Thinking about buying real estate? It's a great step towards a secure future, but caution is important before signing on the dotted line. Due diligence, the process of carefully investigating the property, protects you from fraudulent transactions and potential problems.

 

The LRA eSerbisyo Portal: Your Due Diligence Partner

 

Verifying land ownership is the cornerstone of due diligence, and this is where the Land Registration Authority (LRA) helps interested property buyers. Certified True Copies (CTCs) of land titles provide crucial details like the legal owner, property type, and any restrictions on the title.

 

Traditionally, obtaining CTCs involved a trip to the Registry of Deeds. But now, thanks to the LRA eSerbisyo Portal (eserbisyo.lra.gov.ph), you can request them online – anytime, anywhere!

 

Beyond CTCs: Essential Due Diligence Steps

 

  • Scrutinize the Title: Ensure the property details (size, boundaries, easements) match the seller's information. Sometimes, government records may not reflect the latest updates in the Owner’s Duplicate Copy of the Title. One way to validate details is through the CTCs of land titles.

  • Beware of Encumbrances: Look for mortgages, liens (claims against the property), lis pendens (a legal notice to potential buyers that someone else has a claim to the property), or restrictions (e.g., government development limitations) on the property. It's best to settle these before purchasing.

  • Tax Matters: Inquire about unpaid taxes, which may affect your negotiations. Landowners can obtain tax clearance from the local government unit where the property is located.

  • Zoning Regulations: Understanding zoning restrictions ensures your future plans (e.g., renovations, commercial use) comply with regulations.

  • Professional Inspection: Schedule a professional inspection to uncover any structural issues or hidden problems.

  • Seek Legal Guidance: A lawyer can advise you on legal matters, navigate potential complications, and ensure the contract protects your interests.

  • Consider Additional Steps: Depending on the property type, research flood or earthquake risks, or investigate past ownership history.

 

The LRA eSerbisyo Portal simplifies the process of due diligence by offering convenience, transparency, and efficiency. Requesting CTCs of land titles online eliminates travel expenses and lengthy waits. Plus, you can track the request status in real time. Additionally, the door-to-door delivery service ensures you receive the CTCs at your preferred location.

 

Start Securing Your Future Today!

 

Visit the LRA eSerbisyo Portal (eserbisyo.lra.gov.ph) to learn more about CTCs of land titles. For assistance or inquiries, contact the eSerbisyo Helpdesk (helpdesk.eserbisyo@lra.gov.ph).

 

Find detailed information about the LRA and its services on the official LRA website (lra.gov.ph) or follow their official Facebook and Instagram accounts.

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