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MANUAL FOR BUYERSLegal execution Department35Point to Ponder 1. Sale of immovable property in various situations%u0009 %u0009 1)%u0009 Saleofmortgagefreeimmovableproperty.OncethebuyerhasmadethefullpaymentofthepropertyandpresentedthedocumentcertifyingtransferoftitletotheLandDepartment,thelandofficershallregistertheextinctionofmortgageandtransferthetitletothebuyerwhilethebuyerhasnoobligationtopaythemortgagee.%u0009 %u0009 2)%u0009 Saleofimmovablepropertyundermortgage.Oncethebuyerhasmadethefullpaymentoftheproperty,theexecutingofficershallissuealettertothelandofficertotransferthetitleofthepropertyundermortgage.Thebuyerneedstocontactthemortgageetosettletheunpaidpayment.%u0009 %u0009 3)%u0009 Saleofimmovablepropertybasedoncopyofthedocumentoftitle.Thissituationhappenswhentheoriginaldocumentoftitleislostornotretrievable.Oncethebuyerhasmadefullpaymentoftheproperty,theexecutingofficershallissuealettertothelandofficerforareplacementdocumentandtransferthetitleofpropertytothebuyer.Thebuyerneedstocontactthelandofficerforareplacementdocumentandshallbeliabletotheincurredexpenses.(Thebuyerwhoisapplyingforaloanfromafinancialinstituteisrecommendedtochecktheprocessinobtainingthereplacementdocumentasthetitletransfermaynotbedonewithinthesameday.)MANUAL FOR BUYERSLegal execution Department35