Trader collared for using fake land title as loan collateral

October 03, 2018

BAGUIO City -- A businesswoman, identified as Mila Bakidan Baldos, 34, of Purok 4, 161 Lower Pinget, reported to Baguio City Police Office (BCPO) Station 8 at around 5 p.m. on Tuesday of an alleged estafa against a certain Saturnina Diwas Hilario, 41, married, businesswoman, of Dangwa Tranco Building, Rajah Matanda, Kagitingan, Baguio City.

Police investigation disclosed that the suspect transacted with the complainant on Sept. 17, 2018 to borrow money amounting to P130,000 from the latter using a Transfer Certificate of Title of a lot measuring 800 square meters. Said agreement on the mortgage was made and subscribed by Atty. Esteban A. Sumangi.

Reports said on the same day, the complainant proceeded to the Registry of Deeds in La Trinidad, Benguet and verified the titled lot under Certificate Title Number 016-2017002012 and found out that it is not genuine, because of discrepancies on its details.

The complainant then set a meeting with the suspect at 8:45 p.m. of the same day at the Total Convenient Store at Camp 7, Baguio City, informing her to pay the balance amounting to P50,000. The suspect agreed to meet with the complainant. After handing over only P20,000 to the complainant, BCPO Station 8 personnel arrested the suspect.