Unpaid Real Property Tax of Former Owner

Posted on June 20th, 2011 in QA | No Comments »

Question: I recently bought a foreclosed property, and found out the former owner has yet to pay 3 years worth of realty estate tax. Will I have to pay that or will it be forfeited and I just have to pay the current one? Thanks! Answer: As most foreclosed properties are sold on an “as is where is basis”, the answer is yes. Unless you have a previous arrangement with the company you bought... ...read the full story

Registering Real Estate Property in the Philippines

Posted on May 23rd, 2011 in News | No Comments »

Interested in buying a piece of Real Estate in the Philippines? Then you’ve come to the right site! Whether you want to make a fruitful investment or settle in your first home and become a landloard, we have the a growing list of Philippines Real Estate Properties that prove to be worthy of your hard earned money.┬áIf you are planning to buy the land rather than lease it to become a landlord,... ...read the full story

The Registries of Deeds in the Philippines

Posted on May 09th, 2011 in News | 1 Comment »

Clients needing information about title to lands go to Registry of Deeds (RD) office concerned. It is in this office that the service rendered to the public by the Land Registration Authority is almost done. Today, there are 168 RDs nationwide. Specifically, an RD is tasked with the following: 1. Register deeds affecting registered (Act 496) and unregistered (Act 3344) properties as well as deeds on... ...read the full story

What are the requirements to get a Certified True Copy/Certification/Verification?

Posted on May 02nd, 2011 in Guides | No Comments »

Requirements: 1. Letter of Request or Transaction Application Form (TAF). 2. Photocopy of Title. 3. Identification Card How to Register: 1. Approach the Registration Information Officer (RIO) to check if you have the complete documentary required for your transaction. Complete the TAF 2. Submit complete documents and the TAF to the Entry Clerk and wait for the Claim Assessment Slip (CAS) 3. Proceed... ...read the full story

Checklist of Documentary Requirements – Estate Tax

Posted on April 18th, 2011 in Guides | No Comments »

A. Mandatory Requirements (Taxable/Exempt) Tin of Estate Photocopy of the death certificate, subject to presentation of the original any of the following: Affidavit of self adjudication Deed of extra judicial settlement of the estate, if the estate has been settled extra judicially court order if settled judicially sworn declaration of all properties of the estate Official receipts/deposit slip... ...read the full story

Donation of Property or deed of sale

Posted on April 11th, 2011 in QA | No Comments »

Question: I need help, The title our house is under the name of my parents but unfortunately, my mother died, and now, I am planning to transfer the title under my name. With this matter, I would like to ask for any suggestions of transferring the title: by donation of property or deeds of sale? Answer: Donation of the property executed by your father will be more practical since the tax is lower than... ...read the full story

Market Value

Posted on April 04th, 2011 in QA | No Comments »

Question: We bought a lot with a depreciated house 3 months ago and we immediately proceed with the improvements, after this we get services from https://montrealmovers.com to help us with the moving. We want to process the transfer of title now. What should be the value that we are going to declare with assessors office since the property has already improvements. We bought the house and lot at Php325,000.00,... ...read the full story

Transferring title to another name before release

Posted on March 28th, 2011 in QA | No Comments »

Question: My parents bought a property from a real estate, since the title has not been released yet they want to put it under my name. Would it be possible to transfer the land title straight to me? Or is it really needed to release the title first within their name and transfer it to me after… Answer: You... ...read the full story

Confusing Pag-ibig & Developer

Posted on March 21st, 2011 in QA | No Comments »

Question: Hello, We purchase a town house 6yrs ago under pag-ibig financing we paid it in full last Jan. Pag-ibig advice us to get the title from them next week. However, the developer told me to give them the original title and taxes paid bec they still need to transfer the name to us and for taxes purpose. They say Pag-ibig no longer want... ...read the full story

Capital Gains Tax & Estate Tax

Posted on March 07th, 2011 in QA | No Comments »

A question on Capital Gains Tax & Estate Tax, I bought a land 3 years ago but last july last year iIarranged a lady who can do the paper works for me for transferring the land tittle to the parcel of land I bought from my cousin which was their parents were both deceased. I want to know if what is the difference between the capital gain tax and estate ... ...read the full story

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