DEEDS ENTERED IN THE DAY BOOK CONSIDERED REGISTERED FROM THE MOMENT THEY ARE SO NOTED
> In an execution sale, the purchaser acquires only such right or interest as the judgment debtor had on the property at the time of the sale
> It follows that if at the time the judgment debtor had no more right to or interest in the property because he had already sold it to another, then the purchaser acquires nothing
> Thus, where the judgment debtor had already deeded the property and delivered the certificate to the RD for registration and paid the corresponding fees, the act of registration operated to convey the property to the buyer
> An innocent purchaser for value of registered land becomes the registered owner and in the contemplation of law the holder of a certificate thereof the moment he presents and files a duly notarized deed of sale and the same is entered on the day book and at the same time, he surrenders or presents the owner’s duplicate certificate of title to the property sold and pays the full amount of registration fees, because what remains to be done lies not within his power to perform.
RECORD IS CONSTRUCTIVE NOTICE OF ITS CONTENTS
> This is in relation to the question of may the purchaser of land which has been included in a second original certificate even be regarded as an innocent purchaser as against the rights or interest of the owner of the first certificate, his heirs, assigns, or vendee?