Affidavit of Consolidation of Ownership
Submitted to the Land Title Office – Registrar of Deeds to consolidate the title and ownership of a property, improvements and buildings bought at auction, for the issuance of a new title.
AFFIDAVIT OF CONSOLIDATION OF OWNERSHIP
I, _____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines, after having been duly sworn to in accordance with law, hereby depose and state, that:
That in the public auction sale conducted by the (City/Provincial) Sheriff of _____________ on _____________ pursuant to the provisions of Act 3135 as amended, the undersigned Affiant became the purchaser of a certain foreclosed property with all its improvements, more particularly described as follows:
(Technical Description of Property)
That the said Sheriff sold the above-described property with all the improvements and buildings thereon to the undersigned Affiant as the highest bidder for the sum of _______________________(P__________), Philippine Currency;
That a Certificate of Sale at Public Auction was issued by the said Sheriff in favor of the undersigned Affiant and the same was duly registered with the office of the Registry of Deeds of _____________ on _____________ as Entry No. _____________ on the aforementioned title;
That the one (1) year period for redemption has already expired without the Mortgagor or any person in his representation having exercised their right of redemption over the said property and therefore, the consolidation of title and ownership over the said property in favor of the undersigned Affiant is proper and in accordance with law;
WHEREFORE, by failure of the Mortgagor to redeem the said property, I am executing this Affidavit for the purpose of consolidating title and ownership over the above-described property with all improvements and buildings thereon, as provided for by law, and I hereby request the Office of the Register of Deeds to register the same and issue a new title in the name of the undersigned Affiant.
IN WITNESS WHEREOF, I have set my hand this _____________ at _____________, Philippines.