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Showing posts from June, 2022

Deed of Sale, Registration Process

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Seller sells and Buyer buys according to the terms and conditions they agreed upon‼️ This is the whole process NOTES: Buyer and Seller should provide government IDs A SPECIAL POWER OF ATTORNEY is needed if one or the parties to the transaction are not available to sign the documents personally. *********************************************       THE PROCESS and... Private/Government agencies to work to: 1. Notary Public-  Preparation and notarization of the Deed of Sale, after both parties have signed. 2. Registry of Deeds-  Get certified copy of the title of the property subject of sale. 3. Assessors Office-   Get certified copy of tax declaration for the lot and the improvement, if any. Get certificate of no improvement if there's no building or any improvement on the lot. 4. Treasurer's Office- in the municipality or city where the land is located-  Get tax clearance for the land and improvement, if any. 5. Bureau of Internal Revenue (BIR)-  All the documents you gathered fr
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PROPERTIES NOT INCLUDED IN EXTRA JUDICIAL SETTLEMENT OF ESTATE- WHAT TO DO

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Hello everyone! I wish you the best of everything despite all that we were into these past years/months 🙏❤️. I would be sharing again an experience I encountered few days ago with regard to the Extra Judicial Settlement of Estate I am currently working on. First, I will bring you back to November 2021, when I posted the work processes I did for an Extra Judicial Settlement of Estate under TRAIN LAW. Here is the link to that, to help you remember and for easy reference. EJS 1st filing Please note, that was a completed transaction with BIR. The eCAR was already released to us. Remember also that under TRAIN LAW, the Estate of the Decedent is entitled to a 5Million standard deduction. Then.. the heirs of the Decedent realized there are still real estate properties that they failed to include in that Extra Judicial Settlement of Estate mentioned above. These properties should also be divided among the heirs and ownership passed on to them as well. Getting the advise of the BIR examiner,
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