Deed Of Absolute Sale With Extrajudicial Settlement
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FAQ
A document called an eCAR (electronic Certificate Authorizing Registration) is needed to transfer a land title from a deceased person to a new owner. An eCAR will only be given to when the estate has been settled. An estate can be settled through a deed of extrajudicial settlement or though court.
Is it an Alternative to a Will in the Philippines? An Extrajudicial Settlement of Estate is a legal process involving surviving heirs of a deceased person to distribute the deceased person's property. The surviving heirs of the deceased will sign a document called ?Deed of Extrajudicial Settlement of Estate?.
Normally, however, a buyer would not want to become a co-owner with other people so most likely the buyer will offer to buy the whole property. In this case, all the heirs must agree to sell their respective shares and sign a joint deed of sale.