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Realty forum tackles fake titles detection techniques, LRA computerization |
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Tuesday, 24 August 2010 |
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As fake or fraudulent Torrens titles continue to victimize real property buyers, investors and lending institutions, the Chamber of Real Estate and Builders’ Associations (CREBA) intensifies its counteroffensive with an information campaign to help the public detect signs of title fraud or fakery. CREBA said that billions of pesos have been lost due to questionable titles, and land transactions have been proceeding at a snail’s pace due to the erosion of faith in the Torrens system of land ownership, thus impeding the flow of investment capital and considerably slowing down the pace of local and national economic development. |
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Last Updated ( Tuesday, 24 August 2010 )
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CREBA assails RESA law requirements |
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Saturday, 14 August 2010 |
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The Chamber of Real Estate and Builders’ Associations (CREBA) has asked the Professional Regulatory Board of Real Estate Service (PBRES) to either suspend certain provisions of the newly enacted Republic Act no. 9646 or the Real Estate Service Act of the Philippines (RESA law) or exempt real estate developers from the licensing and registration requirements of the law. CREBA chairman Atty. Manuel Serrano, in a letter to board chairman Nicolas Lapena, Jr., pointed out that Section 28a and 29 of the RESA law are unconstitutional for violating the requirement that every bill passed by Congress should embrace only one subject which must be expressed in the title thereof. |
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Last Updated ( Saturday, 14 August 2010 )
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