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CA 141
ACT 2359
PD 159
RA 8371
ACT 496
Makes possible transfer of titles of cert of loans within the compress of hours
Assures
Keeps up system without burden of taxation
Eliminates tax titles
Transmittal of Application
- Court of Clerk furnish Land Registration
- 2 certified copies of all pleadings
- within 5 days
Filing of Answer
- Filed by any person On or Before date of initial hearing
Requisites
1. Must have interest
2. State ground for object
3. Set forth nature of interest, claimed by party filing same
4. Signed and sworn
Failure to answer
-Court upon motion of applicant
Order general default
- Party in default
Losses his right
Cannot Appeal
Hearing of Case
Rules of court are not applicable to land registration and cadastral courts
- exception: applicabble in suppletory character
Speedy Disposition
- Disposed within 90 days
- Court may refer case to referee who shall
Hear parties and their evidence
Submit within 15 days
Promulgation of Judgement
- Conflcting claims of ownership
Issuance of Decree
- Finality
- 15 days , may appeal to court as ordinary civil action
Entry of Decree
- Year
- Signed by the Clerk
Transcription of Decree
-of decree
- by register of deeds
_____________________________________________________________
Sec 51 of PD 1529
Owner may Convey, Mortgage, Lease, Charge and Deal with the same
according to laws
- These shall take effect as Conveyance or Bind Land
Sec 52 of PD 1529
Creates constructive notice
3rd party
-Only charged with those noted on the cert title
-Must be in good faith
-Need not go beyond and ask
-But need to know identity of purchaser
Sec 54
-No new certificate- if not divest land from owners or from someone
-All interest in registered land LESS that estate in fee simple
- File in reg of deeds the instrument creating/
transferring/claiming such interest
- Reg of Deeds- makes memorandum on owners duplicate
MORTGAGE
Real right constituted to Secure an Obligation upon real property or
rights therein To satisfy with the proceeds of the sale thereof obligations when
the same becomes due and has not been fully paid
Contract by which specific property is hypothecated
CHATTEL MORTGAGE
- Conditional Sale of Private Property as Security for payment of debt
- Condition of sale shall be void upon the seller pating to the purchaser
a sum of money, or doing some other act named
-Sale of personalty conveying the title to mortgage
-If terms of redemption are not complied with, it becomes Absolute to
the mortgagee private
-Private Property
-Sale only in form
-Substance: Contract of Security
TRUST
-Confidence reposed in one person (Trustee) for the benefit of another
(cestui que trust)
- Obligation of a person to whom the legal title to property has been
transferred arising out of a confidence reposed in him to apply the property
faithfully and according to such confidence
POWER OF ATTORNEY
- Enabling one person to dispose of the interest, which is vested in
another
- Authority to do some act in relation to lands or creation of estates
therein, or charges thereon which the owner, granting or resersing such
power might himself lawfully perform
ATTACHMENT
Writ issued at the institution or during the progress of an action,
commanding the sheriff or other public officer to attach the property,
rights, credits or effects of the defendants to satisfy the demands of the
plaintiff
3 Kinds of Attachment
1.) Preliminary Attachment
- issued at the institution or during the progress of an action
- Mesne process: Liable to be Dissolved at any time, Judgement ipon
which may or may not affect the property
2.) Garnishment
- Attachment by which the plaintiff seeks to subject his claim, property
of the defendant in the hands of a third party (garnishee) as well as money by
such 3rd party to a defendant
- personal prop