Processes for titles are still slow in RD

Processes for obtaining title deeds are still complicated and slow in Dominican Republic, while the authorities have made several attempts to facilitate the procedures that are carried out from the jurisdiction real estate.

Thus considered him a group of entrepreneurs from the sector construction, which was still in this country should wait a long time to get the titles to real estate.

Constructora Tierra Alta, Máximo Gómez, Administrator considered that although the procedures for obtaining titles have improved, there are still many difficulties that make the process more slow.

"At this time the issue is quite complicated, because here there is a mess very great in what it has to do with the - card record - and now there is a lot of titles that are not final," indicated.

, However, stated that he is confident of u000athat in the next two years will be easier the procedure for the securitization of property because jurisdiction real estate Act was amended to make it easy

While the Vice-President of the Chamber Dominican of construction (Cadocon), Cristian Ciccone, said that currently the securitization of property is very difficult situation that causes removal of investments.

Responsible for the Legal Department of the Dominican Confederation of small and medium-sized construction company (Copymecon), Nancy cross, understood that processes in the real estate jurisdiction are very slow and sometimes there are files that take up more than two years for the securitization of property which have not yet been deslindada.

Jurisdiction Inmobiliaria
director of register of titles of the jurisdiction Realtor, Wilson Gomez, said that it is required to raise the level of awareness both of the u000ainternal users, that are administrative officials, judges and employees of that institution, in order the servers of the real estate registry system of the country, as well as external users in the sense of correctly understanding the scope and the importance of the social function in the interest of promoting the highest levels of legal security and dispatch records in a timely and without loss of time.

Stated that national and foreign investment are supported by the territorial credit. Tourism, construction, the squares and large businesses which are created and established in the country, generally rely on the mortgage, and in the immediate future, legal figure who has reached Dominican Republic, which is the trust.

Constacia annotated
said that the difference between the annotated record and the title certificate is the fact that the record annotated, popularly known by the people "Letter" u000a"Constancy" because originally was granted in a bond paper 20 "in size 8 O x 11 inches, just proof that the holder has a right within certain plot and nothing more.

On the other hand, the title certificate identifies the right and the holder of it knows exactly where is located the right in the plot, duly determined surface extension and its boundaries, so that is what has the property to the North, South, East or West.

Explained that in this case it is said, registralmente speaking, that it complies with the principle of specialty and legal certainty is therefore greater.

Reported that in a general sense which has a right in an annotated proof has to determine where, unless the certificate has been issued with regard to an apartment or local, that now is called generically functional unit. This document has, in this particular situation, the force of certificate u000aTitle.

LO QUE SE HA fact for expediting processes
La lawyer Mirna Amiama Nielsen, said that after a year of the seminar on jurisdiction real estate have been held by the Legal Committee of the American Chamber of Commerce of Dominican Republic, the Supreme Court of Justice and the Council of the judiciary welcomed the proposal that emerged at the seminar, form 4 desks in order to identify solutions to the major obstacles to make any proceedings before jurisdiction real estate.

Formed working tables were named: mortgage market and trust, registration of titles, law courts of territories and print cadastral.

Among other things, through the titles registration desk, approved the creation of the single window for major users.

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