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Technical Description Error of Title

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1 Technical Description Error of Title on Mon Feb 03, 2014 6:59 pm

remle araz


Arresto Menor
Hi,

I am selling my house and lot, and the buyer applied for a bank loan to pay my property. Upon the bank's assessment, there was a technical error on the title, which it did not close, and did not a form a polygon.

They required this tech error be corrected before they release the Letter of Guarantee, before i proceed to the next step of transferring the title to the borrower's name, and then they can release now the payment.

How long this process be if it will be a judicial process? I was advised to just pursue an administrative ammendment only, anyways, they said, it will be transferred to the borrowers.

Can just administrative ammendment acceptable just making annotation on the title.

Hope to get your advise soon.

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