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REGISTRATION IN THE PROPERTY REGISTRY

Once we have signed the deed of sale and the mortgage loan, there is still a final procedure, which consists of registering the right that we have acquired in the Property Registry. Said Registration is necessary for:

That the buyer is fully protected in the right that he has acquired, because only if he inscribes his right in the Registry:

It will be considered the sole and true owner as long as the contrary is not declared in a court ruling.

He will be protected against the seller's creditors.

You will be protected against hidden charges that could affect the home.

You will be able to obtain judicial protection of his right in case it is disputed by others or his possession is disturbed.

Once you have registered his right, no one can effectively acquire any right to your home without first obtaining his consent.

That the buyer can obtain a mortgage loan with which to finance the acquisition of the house, because only if the buyer registers the right of ownership of him will the Bank be able to register the mortgage that guarantees the repayment of the loan.

In addition, once the registration has been made in the Registry, it notifies the Cadastre of the change of ownership of the home, so that the next receipt of the Real Estate Tax is already drawn on the name of the buyer.

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