When you get a mortgage to buy a house, you want to make sure that it is really yours. The title deed is the way to get it. So that no one can say that your house is not yours.
What is the title of property?
- The title of a home is a legal document with information about the property and is used to prove who owns a house .
This document summarises much of the key information about the property , just like a simple property registration note does. Specifically, within the document you will find information about:
- The owner of the home, identified by name and surname.
- Date of acquisition of the property.
- The way in which it was acquired (inheritance, purchase, donation, etc.)
- Housing characteristics.
- The first pages of the house deeds.
This data comes directly from the property deeds , which is the source of information on the title of ownership.
What is the title deed for?
The main function of this document is to legally prove who is the owner of the property , to whom the property belongs. This is what later allows you to act on the property. In other words, to be able to rent it and even sell it.
How is it different from the deed of the house?
Is the title deed the same as the deed? No, they are similar documents, but different in their content and functions.
The deed of the property is a legal document used to record the sale of a house . It is like a legal receipt of the transaction that summarises all the key details, from who is involved to the purchase price, the method of payment, whether the community has been paid or who is responsible for the purchase and sale expenses, among other things. The deed also includes the obligations and rights of each person involved in the property.
The title deed is used to prove who owns the house , and is a useful document to complete the process of signing a home with more guarantees.
Where can I get the title deed?
If you have lost or cannot find the title deed, you must request a copy of it. The first place you can start is with the notary with whom you signed the sale, from whom you can request a copy of the deeds of the property, since he is the one who keeps them.
The other alternative is to go to the Property Registry , where you can request a document proving that you are the owner of the house or, failing that, a simple note that also contains this information.
What happens if the house has not been registered in the Property Registry?
In this case, you will have to find a notarized copy of the deed of sale to prove that the property is yours.
What if you don't have one? The solution here is to request a declaratory judgment, which serves to decide whether you are entitled to the property of the house.
Something similar happens if you bought the house without registering it in the Property Registry and it appears in the name of the previous owner. Again, you will have to find a way to prove that you are the owner of the house, register it and then request a simple note and a copy of the deeds.
As you can see, registering your property in the Property Registry has its advantages, although it is not an obligatory step in purchasing a home .
However, if you are looking for a mortgage to buy your home, you will need the previous owner to have done his homework because the notary must verify the ownership of the home and the status of encumbrances, something that will be done through the simple registry note.