Buying a section of a lot.

[Snowy79]

Has anyone went to the trouble of buying a section of a lot and if so what was the process and time frame.

I'm asking as I've been offered a stunning lot which is in one persons name. It has been surveyed and the lot split into two parts but on the title it's one lot. The seller is desperate for money but obviously I'm Scottish and not parting with a Peso until everything is in one title with no restrictions.

I'm going to the lot on Wednesday with my own surveyor who will mark out the alleged section of the lot that is for sale to ensure it's within the lot on the title.

[Dave Hounddriver]

11 minutes ago, Snowy79 said:

I'm asking as I've been offered a stunning lot which is in one persons name. It has been surveyed and the lot split into two parts but on the title it's one lot.

And this does not sound odd to you?  Obviously its an illegal subdivision of  land and when the owner of the land eventually passes away or sells the lot then all agreements with him are void.

BTW, remember the fellow in Biliran, Gene Abrams, who was killed?  He entered into just such an arrangement with the owner of just such a piece of land.  "i'm gonna get it subdivided when all the lots are sold"  The owner said.  "Then you can have title" he said.  It was all written down and notarized and marked on the title as you suggest, but after Gene's murder the owner still owns the land.  But that would never happen to you or I.  It only ever happens to other people 

[Snowy79]

Yes. That's the exact reason I've explained that only once the lot is legally separated and titled will there be any cash. As a safety measure it'll be in my partners name. 

[Jack Peterson]

Just now, Snowy79 said:

Yes. That's the exact reason I've explained that only once the lot is legally separated and titled will there be any cash. As a safety measure it'll be in my partners name. 

 Legally Snowy, that is all it can be, in your wife's/ partners name 

[Snowy79]

Just now, Jack Peterson said:

 Legally Snowy, that is all it can be, in your wife's/ partners name 

Yes, It's one of those occasions where I can afford to lose the money. If it all goes well then I've won a watch. If it goes belly up I've got my own titled condo in Boracay making me good money and a pension or two keeping the wolves from the door.

[sonjack2847]

1 hour ago, Snowy79 said:

Has anyone went to the trouble of buying a section of a lot and if so what was the process and time frame.

I'm asking as I've been offered a stunning lot which is in one persons name. It has been surveyed and the lot split into two parts but on the title it's one lot. The seller is desperate for money but obviously I'm Scottish and not parting with a Peso until everything is in one title with no restrictions.

I'm going to the lot on Wednesday with my own surveyor who will mark out the alleged section of the lot that is for sale to ensure it's within the lot on the title.

We bought a lot from a lot but it had already been divided legally.We did the paperwork and had the title deed after about 6 weeks.

[Snowy79]

36 minutes ago, sonjack2847 said:

We bought a lot from a lot but it had already been divided legally.We did the paperwork and had the title deed after about 6 weeks.

My understanding is the person on the original title needs to apply for a deed of partition to allow the separate lots to have their own title. This will ensure all back taxes and ownership details are up to date. 

[sonjack2847]

28 minutes ago, Snowy79 said:

My understanding is the person on the original title needs to apply for a deed of partition to allow the separate lots to have their own title. This will ensure all back taxes and ownership details are up to date. 

Yes the sellers did prove that to us before we proceeded they had all the certificates and paperwork with them.

Edited August 7, 2017 by sonjack2847
Spelling

[virginprune]

Our plot, of 425sqm, was subdivided from a 2 hectare agricultural plot, with a clean title. It has taken longer than usual to get the title deeds because of change of land to residential. It is all above board and myself and my partner have no worries concerning this but getting the approval has dragged on a bit because the seller has not had enough money to process yet. This is due to him paying huge hospital fees for his wife's cancer treatment. We appear to be getting the approval next month according to conversations my partner has had with the seller,  a couple of days ago. 

I will update when relevant.

[Reboot]

Good advice here...there was a 6 hectare lot I was considering...and was maybe subdividing a 2 hectare chunk (didn't think I needed more)...of course, the deal is dead now but something to think about.