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new land title after extrajudicial settlement of estate

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Arresto Menor
atty. after po ng publication ng extrajudicial settlement ibig sabihin po ba magkakaroon po kami automatic ng bagong title ng lupa n dating nakapangalan sa lola nmin indicating lahat ng name ng heirs? totoo po ba na magbibigay po kami ng bond na naka hold ng 2years? gaano po katagal matransfer ang title ng extrajudicial settlement with deed of absolute sale para po sa buyer nman namin? thank you po

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no, it's not automatic, you have to file it at the BIR and pay for the estate taxes

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