REPURCHASE OF LAND BY APPLICANT OR HIS HEIRS

Category: Land Titles And Deeds

REPURCHASE OF LAND BY APPLICANT OR HIS HEIRS

> Sanctioned by Section 119 of the Public Land Act

> The right to repurchase attaches to every alienation and encumbrance, and that right can be exercised even in the absence of any stipulation in the deed of sale

> To give the homesteader or patentee every chance to preserve for himself and his family the land that the state had gratuitously given to him as a reward for his labor in cleaning and cultivating it

> The five-year period starts from the date of execution of the deed of sale, and not from the date of registration in the office of the Register of Deeds. This is true even if the full payment of the purchase price is not made on the date of conveyance unless there is stipulation to the contrary.

A HOMESTEAD IS EXEMPT FROM CARP COVERAGE RULE WHEN HOMESTEAD IS SUBJECT OF MORTGAGE

> The five-year period begins from the date when the deed of absolute sale is executed and the property is formally transferred to the purchaser

REPURCHASE MAY BE BARRED BY LACHES