deed of absolute sale
My father had executed a deed of ''conditional sale with the assumption of mortgage'' agreement with the a family composed of a mother and three children of legal age who have put the subject land under a mortgage for about Php 1.4 million.
Basically, the contract states that my father will assume the responsibility of paying the mortgage but in return he will get the land.
The contract has a clause that states ''this conditional sale will become absolute without the necessity of executing a deed of sale upon the cancellation of mortgage.''
My father was able to pay the mortgage execute a cancellation of mortgage before he died.
I would like to know if the conditional sale with the assumption mortgage and cancellation of mortgage documents will make us the rightful owner of the property even without the the deed of absolute sale.
We found out that the land title was falsified and registered under a name. We sought the help of the family who originally owns the lad but they wanted that we split the property if we win the case. They are telling us that the property will go back to their hands once the case is over and they wanted to enter in an agreement with us.
please enlighten me.
thank you very much
1 Answer from Attorneys
Re: deed of absolute sale
Should the falsified title be other than your title, then it would be of no effect to your rights over the property. HOwever, if the falsified title is the very same title that you are holding on, then you have no right of whatever nature to the property.
Related Questions & Answers
Selling a Conjugal Property We are about to buy a house and lot in a subdivision but... Asked 3/16/07, 10:09 am in Philippines Real Estate and Real Property
Philippine Law on treasure found Do seller have a right to claim a share on the... Asked 3/07/07, 3:16 pm in Philippines Real Estate and Real Property
Legal form what is an offer to sell legal form Asked 3/05/07, 3:19 am in Philippines Real Estate and Real Property
Non-payment of a loan Someone borrowed some moeny from me and the written agreement... Asked 2/17/07, 7:07 pm in Philippines Real Estate and Real Property
Sample of Contract to Sell a Property My family is selling a piece of property in... Asked 11/21/06, 10:09 am in Philippines Real Estate and Real Property