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Rule 74 after Extrajudicial Settlement

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1 Rule 74 after Extrajudicial Settlement on Thu Sep 20, 2012 4:30 am

Buenaflor


Arresto Menor
Hello, my 2 siblings and I inherited real estate property from our deceased parents. We successfully transferred title to us. Unfortunately my brother died and will have to execute another extrajudicial settlement. We have a ready buyer for the property but I am worried they will not get a clear title because of Rule 74. Will Register of Deeds annotate on the buyer's title this 2 year lien which might prevent him from reselling or applying for a mortgate with a bank? Thank you for your advice.

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