Friday, July 10, 2015
LRA Allows Titleholders to Access and Verify Titles Online
Good news for property owners and buyers. The Land Registration Authority (LRA) will soon allow the public to validate the location of their titled property, inform property owners about Registry of Deeds action on their property by way of Short Messaging Service (SMS) or text message and give them the opportunity to trace their titles’ history and legitimacy through computerized information.
Within the year, the LRA will launch three additional services -- the Lot Location Service (LLS), Title Transaction Alert (TTA), and Title Trace Back (TTB) -- under the Land Titling Computerization Project (LTCP).
LLS lets the public verify land title locations, and possible errors and inconsistencies in the Technical Description of their titles. The TTA alerts landowners via SMS whenever their titles are accessed at the Registry of Deeds. The TTB enables them to trace their title’s history and verify its legitimacy without having to go through the current rigorous processes.
Bunched together under the e-Titling Project, the LTCP provides the public with an efficient, reliable and expeditious service that also maintains a secure and accurate record of titles, including identification of fake land titles. The project was launched in 2013 but still has to be fully implemented.
Under the LRA Computerized System which was developed under the Land Title Computerization Program ( LTCP) , titleholders may also upgrade paper titles to e-titles to make it difficult to tamper with. eTitles are generated from the system, while an Owner’s Duplicate Certificate of Title is printed in the LRA-controlled Judicial Form.
The LRA felt the need to apply digital solutions to perennial problems encountered in land titling due to occurrences of anomalies such as double titles due to lack of validation, and erroneous technical descriptions of properties, among others. The LRA Computerized System was instituted to provide greater security and convenience with regards to land-titling applications and processes.
E-titling will be one of the main issues to be taken up in the TOPS-LRA Summit 2015, a joint activity of The Organization of Property Stakeholders (TOPS) and the LRA. The event will be held on July 28, 2015 at Fairmont Hotel in Makati City from 8 a.m. to 7 p.m. with the theme ”Measuring Our Gains and Meeting the Challenges Ahead.”
TOPS is a broad-based group of organizations including real estate developers and brokers, banks and other financial institutions, and government agencies involved in the multi-billion peso property sector. TOPS aims to develop coordination, cooperation and collaboration among its member organizations and the government for improvement in property registration processes and other matters involving real estate, chattel and other property transactions.
Interested participants may register for a slot via topsinc.ph. Alternatively, contact Ms. Pauline Nepomuceno at 0936-9516038 or email email@example.com.