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DEPARTMENT OF JUSTICE
LAND REGISTRATION AUTHORITY
REGISTRY OF DEEDS
TABANG, GUIGUINTO, BULACAN
Petitioner.
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PETITION EN CONSULTA
BASIS OF CONSULTA
STATEMENT OF FACTS
That the VENDEES upon signing of this Deed of Conditional Sale paid the
VENDOR the partial amount of ONE MILLION TWO HUDNRED
FIFTY THOUSAND (1,250,000.00) representing fifty (50%) down
payment for which the VENDEES can possess and develop the property
upon full-payment of the said selling price. A copy of the Deed of
Conditional Sale is hereto attached and marked as Annex B and series.
That the failure of the Petitioners to register the Deed of Conditional Sale
was in good faith as GUOCOLAND REALTY CORP. was fully aware of
the fact that there were buyers prior to their purchase of the said parcel of
land. Further stated, as real estate company, the latter is competent to inquire
into any defects of the title they are purchasing and the fact that the said
parcel of land was subdivided would trigger an inquiry in such regard.
That the said knowledge of prior purchasers was evident when they in fact
monitored the process of refunding the amounts paid by prior purchasers to
avoid any legal issues that may arise. A copy of the Cancellation of Deed of
Conditional Sale with Refund of Down Payment is hereto attached and
marked as Annex D and series.
ISSUE
DISCUSSION
From the foregoing, the following are the requisites of an adverse claim:
Further, purpose of annotating the adverse claim on the title of the disputed
land is to apprise third persons that there is a controversy over the ownership
of the subject land and to preserve and protect the rights of the petitioners,
purchasers in good faith, while there is a pending controversy.
A copy of the said Affidavit of Adverse Claim is hereto attached and marked
as Annex E and series.
PRAYER
Petitioners pray for such other reliefs as may be just and equitable in
the premises.
ELIZABETH DE LEON
ASSISTED BY COUNSEL
VERIFICATION
2. We have read the foregoing and the allegations therein are true and
correct based on our personal knowledge and/or on authentic records.
Represented by:
ELIZABETH DE LEON
Attorney-in-fact
Doc. No._______
Page No. ______
Book No. ______
Series of 2019.