Encumbrance denotes a charge or claim against a property, it creates an unclear title which affects/restricts/impairs the transferability of the property. It is a burden on the property that lessens its value thus making it less marketable. This encumbrance will remain charge against the property until the actual owner applies for cancellation of encumbrance at the Registry of Deeds. Prior to the cancellation, there must be satisfaction of debt/s or resolving the issues with the other party that issues the encumbrance which are necessary to support or warrant the petition/affidavit filed at the Registry of Deeds.
Hope you’ve learned valuable insights. For any questions or concerns, we would be glad to hear from you. You may reach us through our mobile number (+63)917-555-8-222, or direct line (02)442-6362, or email us at email@example.com.