FileDocsPhil can assist you cancel encumbrances to make your title clean.
What is an Encumbrance on Land Title?
When it comes to property ownership in the Philippines, encumbrances are legal claims, liens, charges, or liabilities attached to a property by a third party, which can prevent the owner from selling or transferring ownership until the encumbrance is cleared. Common types of encumbrances include mortgages, easements, restrictions, and unpaid taxes.
Importance of Encumbrance Cancellation
Without canceling encumbrances, the property’s value may diminish or it may result in hesitations of potential buyers to purchase a property for the reason that it could lead to legal disputes, delays, or financial liabilities that may cause inability to enjoy full ownership rights. Sellers, on the other hand, may find it challenging to market an encumbered property and attract interested buyers. So, it is important to cancel or remove any of these encumbrances or annotations to make your title clean and ensure its marketability.
How Filedocsphil Can Help?
FileDocsPhil has the expertise and efficiency in the legalities and procedures involving cancellation of encumbrances. Getting assisted by a team of lawyers and professionals will surely help you to have a clean title while saving your time and money.
Need further information and assistance in Cancellation of Encumbrance? Talk to our team at FILEDOCSPHIL to know more about the requirements and process. Call us today at (+63) 917 149 2337 or send an email to info@filedocsphil.com or simply message us through the live chat for more information.