The Land Registration Authority (LRA), and The Organization of Property Stakeholders, Inc. (TOPS), are strongly pushing for the complete conversion of all paper land titles to e-titles.
The digitization of land titles will foster much-improved ease of doing business in the property sector of the Philippines, one of the common and pressing concerns that the TOPS-LRA collaboration aims to absolve with the summit.
Property owners and top executives from various companies present in the recent TOPS-LRA Summit 2015 held at Fairmont Hotel on July 28 discussed the various threats and challenges the property sector may encounter in the next few years if titles have no digital copies.
According to TOPS President Michael Jansen Abella, investors should primarily do the basic but thorough checking before buying land. As for big land developers, one must diligently verify the history of the land titles from the beginning up to the present before purchasing the property. There are already thousands of cases of fake land titles and land grabbing that have been reported because of the ease with which unscrupulous persons can fake land titles and other documents related to property ownership.