Titles in which noted real property is alienated or encumbered may be registered without prejudice to the right of the person in whose favor the notation has been made, provided its alienation is not barred or, if it is, that it is a question of forced sale of previously recorded rights.
If the noted property or right passes into the hands of a third owner or subacquirer before the creditor collects his loan, the subacquirer, after verifying his title, may request that he be shown the records in the Clerk’s Office and the court shall so resolve without paralyzing the course of the proceeding, ordering, at the same time, that further transactions be made with him, as subrogated in the place and stead of the debtor, but only for purposes of attachment of the noted property or right.
Acquirers prior to the notation may record their titles and file proper suit in order to assert their rights, without prejudice to that provided in §§ 2403 and 2473 of this title.
History —Mortgage Law, 1979, § 125; June 14, 1980, No. 143, p. 535.