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Showing posts from April, 2024

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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Deed of Sale, Registration Process

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Image
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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Claiming Inherited Money from Bank

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Good day💖 Another topic which I want to share with you is about claiming a sum of money which was passed on as inheritance, from bank. VOLUNTARY OFFER TO SELL (VOS) As a real estate broker, I was able to assist a client to claim a Land Transfer Claim/Certificate of Deposit which was a proceed of the sale of a farm land. It was a "VOLUNTARY OFFER TO SELL" transaction.   Here,  the landowner opted to sell their agricultural land to the government, and mind you, for a very, very low price! Just can't imagine how the owner came up with that decision? Their ancestors, who were the original owners of the land,  may have cried a river with that decision of the heirs😭 As a real estate person who values and appreciates "Land", I was so frustrated, but then,  it was not mine to decide. THE PROCESS Since the owners, whose names are on the title, have long passed away, the government bank handling has given requirements for the heirs to comply, before they can withdraw th
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Name Discrepancy on the Title

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 Magandang Umaga Po♥️ This is to continue my blog entitled "AFFIDAVIT OF ONE AND SAME PERSON" What's the issue? As I said in my previous blog, I was working on a sale and partition of  residential apartments. When the eCARs were released from BIR, I proceeded to the next step, payment of transfer tax, then have them registered for change of ownership and partition,  at the Registry of Deeds. I submitted all documents required by Registry of Deeds, however, I forgot to tell the examiner that there was a discrepancy in the name on the title vs the owner's true/legal name. The examiner overlooked the matter as well. She was able to find the discrepancy,  only at the time,  when she started reviewing our documents. Suggested solution The examiner texted me, advising that I should submit an "Affidavit of One and Same Person". It is necessary so that the change of ownership due to SALE can be effected. For your reference, I provided the template for this "AFF
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What To Do When Lot Boundaries Won't Close

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Good day❣️ I was working on processing a housing loan with Pag ibig. When it was time for their appraiser to check in actual the subject property, he reported that lot boundaries didn't close. For that reason, the loan was disapproved.  Loan Disapproval Pag ibig sent an email advising that lot boundaries didn't close. We were instructed to submit the following: 1. Approved certified technical description of the lot; 2. Lot data computation Further, they advised to submit the above requirements 30 days from the time we were notified so that we won't pay another filing fee of P1,000.00. Our loan will also have a fresh start. Otherwise, submission of requirements beyond 30 days would mean, we will pay again another filing fee of P1,000.00. The loan will be given a fresh start. However, if we won't go ahead with the loan, we can get our documents within 60 days. After 60 days, they are free to discard them without any liability. Where to get the requirements Pag ibig needs
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