The document that we signed was a Deed of Sale with a right to repurchase the subject property within one year. I failed to pay my loan within the period agreed upon, and my neighbor is now transferring the registration of said property to his name before the register of deeds. Should the register of deeds allow the registration of my lot to my neighbor’s name? (n)” (Emphasis supplied)Clearly, despite your failure to repurchase the property within the agreed period, the register of deeds is precluded from registering the consolidation of ownership without a judicial order. In your situation, the concerned register of deeds should not register the subject property in the name of your neighbor without the necessary judicial order, as you actually did not sell your property but merely used it as a security for your loan.

Source: Manila Times January 20, 2020 16:07 UTC