The Next Hurdle: A Step-by-Step Guide to Getting Your BIR eCAR for Inherited Land

-
Image
  You’ve finally gathered the siblings, signed the Extrajudicial Settlement (EJS), and figured out the newspaper publication details. You might think the hardest part is behind you, but there is one massive gatekeeper you still have to pass before the property can officially be transferred to your names: the Bureau of Internal Revenue (BIR) . To change the name on a land title, the Registry of Deeds will strictly demand an eCAR (Electronic Certificate Authorizing Registration) . Think of the eCAR as your official "tax clearance" proving that the government has received its fair share of estate taxes. If your documents are disorganized, a single trip to your Revenue District Office (RDO) can quickly turn into a frustrating circle of rejections. Here is exactly how to navigate the BIR eCAR process without losing your mind—or your budget. 📋 The eCAR Document Checklist Before you step foot inside your specific RDO, make sure you have these core documents compiled neatly in a fol...
Post a Comment

Checking on lot with tax declaration only

-

 Hi again!

I would like to share the experience I had late last year about buying a lot under tax declaration only.

Checking on the property

A very close friend of mine was offered an agricultural lot with only a tax declaration to vouch ownership. So the first step we took was to visit the property to feel if it is really worth buying. We had to consider the selling price and the "property feel", that's what I call it. Whenever I step on a property offered, I used to check for that positive feeling. And indeed, it was there, a "good buy", I supposed.

Yes, the property was nice and the price was very reasonable. Therefore, yes for the first step!

Checking with Assessor's Office

We were excited to move forward to the second step, checking on the documents of the lot with the assessor's office where the property was situated.

First, we checked on the tax declaration, the name of the seller and the lot area of the land offered were correct. For the taxes, not updated but no problem, the buyer will take charge. 

We would have decided to finalize the sale, good thing that a lawyer friend was with us. Land concerns is his forte, and he requested for the location map of the property.  Few minutes and we got hold of the map. Upon thorough check, we realized that land area in the tax declaration was different from the one shown on the location map. It was a great slash, only a little portion was left for the seller.

We decided not to go on with the sale while the seller was alerted to take necessary course of action against the doer.  

Based on that experience, I realized that when a property has only a tax declaration to vouch ownership, it's a bit risky. You need to do a thorough check before finalizing a sale. 

These were the things we did to check:

1. Visit the property to check if it's really existing on the location stated by the seller. In the process, checking if it's really worth buying.

2. Get a certified tax declaration of the property offered for sale at the assessor's office having jurisdiction over the land. Name of seller must be there,  as owner, as well as the land area stipulated by the seller.

3. Check if the realty taxes are updated.

4. Request for a location map of the property.
Land area on the location map must be the same as that of the tax declaration. Unless you are buying a portion only of the total land area.

Finally, I hope this would serve as a guide in your future real estate transactions. 

I am wishing the best for all of you. Take care, God bless🙏.

Comments

Post a Comment

Popular posts from this blog

LRA On-line Tracking System (LOTS)

-
Image
LRA On-line Tracking System (LOTS) This is a very good project of the LRA. Here, we are able to track the status of our transaction with any branches of the Registry of Deeds through out the country via online. This will eliminate the hassle of calling or going to their office personally to follow up a transaction. We can do the follow up at our own pace because it is through online. This is very favorable to avoid the traffic and transportation expenses when doing personal follow up. Link to the LRA On-line Tracking System (LOTS) https://lots.lra.gov.ph/TransactionStatus / Checking if it's working I tried checking it myself to determine if it is working. I used my previous request for a certified true copy of title, and yes up to this time it us working.  You just need to select your kind of transaction, then location of the Registry of Deeds where you have a transaction, then finally, input your EPEB No. This is from your official receipt issued by the Registry of Deeds when you ...
Read more

DEED OF ABSOLUTE SALE

-
Image
Greetings! Good morning friends all over the world! Hope everyone is safe and fine 😁. Deed of Absolute Sale Today, I would share my experiences on the processing of title ownership thru sale. When a buyer and a seller agree to complete a sale, there is now a need to execute a Deed of Absolute Sale.  Deed of Absolute Sale template attach for your reference, just click the link below to view: Deed of Sale However, don't forget to check the authenticity of the property being sold, if it is really existing and if the seller really is the real owner and if there are any encumbrances on the title. How are we going to do that? Authenticity check Request the following documents related to the property: 1. Certified true copy of title You can get this from any computerized Register of Deeds branch near you. This will spare you of travel inconvenience in case the Register of Deeds branch where your property is located is far from you/your residence. Remember to check if there is any lien ...
Read more

Pag ibig Loan Filing Part 2

-
Image
A screen shot of the ongoing renovation GOOD MORNING❤️ To continue, I've told you in my previous blog that Pag ibig told us to submit additional requirements because upon checking, our lot didn't close, the boundaries.  Additional Requirements Required from us: 1. lot data computation 2. certified technical description   We can get these from DENR REGION 4A since we are from Rizal. The process is, get Lot Data Computation and Approved plan from DENR LOS BANOS. Bring them to DENR CALAMBA so you can request for a Certified Technical Description of the lot. So, March 4, 2024, we submitted our request for lot data computation and approved plan from DENR LOS BANOS. We were told, the line was long so our schedule to pick them up was March 19, 2024. We let one day passed, to make sure, the documents are available.  March 20, 2024, we came to get the Lot Data Computation and the approved plan. The fee was ₱50 per document, ₱100 if you want it certified. DENR CALAMBA From DENR LOS...
Read more