What is all about a Title record in Colombia?
Be sure everything is clear before signing any purchase agreement.
One of the most important things to do before buying real estate is to check the title record in Colombia to ensure that the property actually belongs to the person selling it and it is not subject to any liens or other financial attachments. You can follow the chain of sales and transfers of the property - from the original grant of the land all the way to the current owner. This is call Title search ( Estudio de titulos).
This is a procedure to do before signing the purchase agreement. In fact a purchase agreement must contain a clause briefing the property ownership history .
When using a mortgage loan, local banks makes that for you with their own legal staff.
The cheapest and simple way of doing this is to require the seller to provide the property's ownership history and a no-lien certificate (Certificado de tradición y libertad), which should date back not more than one month. This includes the property's real estate registration number ( Matricula Inmobiliaria), owner's name, and the property's record summary.
The certificate cost COP$12,100 in every Colombian city ( about US$5 to US$7 depending on the exchange rate).
Requests for the ownership history and no-lien certificate of the property can be made at the local Government's records office (Oficina de Registro de Instrumentos Publicos) in the area where the property is located.
Additional to this the clearances of all the taxes can be ensured by obtaining an account statement of the property from the treasury office (Oficina de Catastro) of the city or district where the property is located.
After checking the title record, we could have two possible scenarios:
How can I make the recording of the Title?
So, You have to register your deed before the Registry office of Public Instruments . Righ there, you have to pay city and state taxes (Boleta fiscal). You left some extra money right?
Title will be recorded in the name of the Buyer at the Government's Records Office. This could take about a week or five business days.
At this time the Buyer can claim the documents showing that title has been legally transferred to the Buyer.
After the deed is released by Registry office, It is recommended to ask for another title certificate updated (the one that cost US$7) to confirm that the process was made properly and the property is finally registered at your name.
REMEMBER: Once issued the deed, you have two months to manage your legal validity before the Government's Records office
We had a case in which the owner realized 20 years after buying the home, that the title record in Colombia was made wrong and the property was registered at someone else's name!!. Just because the government's office changed a single ID number. They never asked for a title certificate, because they did'nt need it before. Yeah that could happen.
Requesting a Title Certificate onlineProperty owners, buyers and investors of Bogotá, Barranquilla, Medellín, Cali, Bucaramanga, Cartagena, Santa Marta among others cities, will have access to the history of any property over which they have their registration number.
These are great news because people will save time and money, avoiding going to those offices and the unbearable long queues it used to be there. In theory, if you are in New York and you have a house in Bucaramanga, you can request online the title certificate paying the same $12,000 pesos you pay at local Register's offices.
However, and here it comes the bad news, goverment webmasters forgot two simple internet rules: Globalization and credit card payment!
The payment system is only available through local banks. So, if you are a foreigner or a colombian living abroad, you can't use the system unless you have registered an online savings or checking account in a Colombian bank.
Things to bear in mind before trying to issue your Title certificate Online:
List of the cities where you can get your online certificate
Bogotá, Medellín, Cali, Barranquilla, Leticia, Cartagena, Tunja, Manizales, Florencia, Popayán, Valledupar, Montería, Quibdó, Inírida, San José del Guaviare, Neiva, Santa Marta, Villavicencio, Pasto, Cúcuta, Armenia, Pereira, San Andrés, Bucaramanga, Sincelejo, Ibagué, Puerto Carreño, Andes, Caucasia, Dabeiba, La Ceja, Sonsón, Santa Rosa de Osos, Santo Domingo, Segovia, Sitionuevo, Carmen de Bolívar, Simití, Garagoa, Moniquirá, Santa Rosa de Viterbo, Soatá, Puerto Boyacá, Anserma, Guapi, Bolívar, Caloto, El Bordo, Puerto Tejada, Silvia, Orocué, Paz de Ariporo, Aguachica, Chimichagua, Cereté, Lorica, Sahagún, Chinú, Agua de Dios, Guaduas, La Mesa, Pacho La Palma, San Juan del Cesar, La Plata, Fundación, Plato, El Banco, Acacías, Puerto López, Barbacoas, Samaniego, La Cruz, Chinácota, Convención, Salazar de las Palmas, Puerto Asís, Piedecuesta, Puente Nacional, Málaga, San Vicente del Chucurí, Contratación, Corozal, San Marcos, Sincé, Armero, Cajamarca, El Espinal, Fresno, Guamo, Honda, Purificación, Líbano, Buenaventura y Sevilla.
Steps to get your certificate online
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