Hi, what to do if you want to buy a house which has no deslinde?
Whats the legal process to get it?
Right. If the property already has a title, you're all set.
The properties I have sold all had their title, and I didn't have to go through the deslinde process.
It is correct that there are old titles without deslinde but these are not transferable.- There are still many old titles without deslinde.
- To check the status at the land registry at the sala de consulta, everyone can do that.
- The seller has to have a deslinde to be able to sell the property legally.
- Deslinde process is getting faster, 18 months is way to long. within 6 months it should be done.
- if you interested in a property and you want to know the real status, ask the seller to get a certification. The seller needs to apply for
that certification at the land registry, i think the fee is 200 pesos and it takes usually 2 weeks to be issued. This certification states the complete history of the land i was impressed when i got one! Also i think it will be issued in SD, so i don't think it can be "created" .
Right. If the property already has a title, you're all set.
The properties I have sold all had their title, and I didn't have to go through the deslinde process.
We were just told by a realtor and our lawyer, that we can sell and transfer the title we have, but the buyer will definetely need a deslinde if he wants to resell in the future. Does this make any sense?
That is what I said earlier, a good attorney can set up the sales contract in a way that you can start the purchasing process but money is only transferred when the deslinde is done.As far as I understand it you cannot have a title in a new name until the deslinde is complete, but you can purchase with the deslinde process underway.
That is what I said earlier, a good attorney can set up the sales contract in a way that you can start the purchasing process but money is only transferred when the deslinde is done.
Or again do I have to take care of processing the deslinde...
Let me ask you this please...In my case I am at the stage where I have been presented with a promise of purchase by a reputable broker which I have not signed yet referring to a listing of 2 lots which, advertised by the vendor, are for sale only together. He has 2 seperate titulos but obviously no deslinde otherwise he would not let them go as one transaction. So far so good...