This is my first post in this forum, glad to find this site.
We are planning to buy a house and lot of our neighbor and we will have it financed thru Pag-ibig or commercial loan. During our verification, the loan officer told us that we need to file a petition for cancellation of the annotation at the back to of the TCT.
As per Land Registration Authority, the annotation is already expired as of October 1994 without anybody laying claim or interest threon.
Please enlighten me on the process on how we go about it.
Thanks so much.