Real Estate Registration in Latin America
Real Estate Registration in Latin America.
The Modernization of the Registration System of Chile.
(Version 5/10/07)
Joel González
ABSTRACT: This report is about the process Chile is engaged in for a profound reform of the real estate registration system; the reform intends to substitute the current system of personal folio for one of real folio (property-based folio); the intense use of the most modern digital technologies to make the registration more efficient (lower cost and less time for the users) and safer, and the creation of a regulatory and supervising agency of the officers in charge of the registry. To understand the reforms that are described in detail, the way the ownership of real estate is acquired in Chile and other countries it is previously explained, and a brief explanation of the way the real estate registry works in this south American country. If the reforms succeed, this new design could be used as a model by other Latin-American countries to update their old registration systems.
