Thinking of asking help from the bank to finance your mortgage or HDMF (Pag-Ibig)? Here’s a way to determine if indeed your loan will be granted by computing for your maximum loanable amount. This is also useful if you want to know if you will be approved by the financial institution for your loan (qualify). From Real Estate in the Philippines... ...read the full story
A. Mandatory Requirements – Taxable/Exempt Tin of Mortgagee and Buyer Notarized Deed of Consolidation, if any, but only photocopied documents shall be retained by the BIR. Certified True Copy of the latest Tax Declaration issued by the Local Assessor’s Office for land and improvement relevant to the date of transaction. Sheriff’s... ...read the full story
These questions are the ones we encounter on a regular basis. Hopefully as someone who’s interested in bidding/buying on foreclosed properties/acquired assets, you will take the time to read this article. 1. Do you need to spend some time learning the process before you can get good at it? Buying through foreclosure is a specialty and that you... ...read the full story
What is The Point Residences all about? It’s Thunderbird Resort’s first real estate project in Asia that aims to be the premiere leisure & wellness residential community in Northern Luzon It’s a distinct development combining hotel, casino, beach & golf club facilities with a real estate community that sells house & lots on a leasehold... ...read the full story
Buying a Real Estate Property in the Philippines or for any country for that matter requires due diligence by the prospective buyer: from searching for a property to finalizing the sale. Although a broker can help you furnish these documentary requirements, it’s always best to know in advance. Here are some basic questions to help you when buying... ...read the full story
Documentary Requirement – Bureau of Internal Revenue (BIR) Philippines A. Mandatory Requirements (Taxable/Exempt) Tin of all Donors Notarized Deed of Donation Certified True copy of the latest Tax Declaration issued by the Local Assessor’s Office for land and improvement applicable to the taxable transaction Owner’s copy for presentation... ...read the full story
Image by respres via Flickr Foreclosure occurs when a lender or other lien holder (person or organization that has the right to seize your property for payment on a debt) takes possession of a property because the property owner has failed to make regular, timely payments, and other efforts to collect the money have failed. Most people know... ...read the full story
Check out the link below to view the video from about.com on “How Do Foreclosures Work”. How do Foreclosures Work Video If you want to read the transcript, see below. It’s good read and applicable to most Foreclosed Properties in the Philippines. Transcript: How Do Foreclosures Work? Hi, I’m Elizabeth Weintraub for About.com.... ...read the full story
NEGOTIABLE Capable of being negotiated; assignable or transferable in the ordinary course of business. NET LISTING A listing which provides that the agent may retain as compensation for his services all sums received over and above a net price to the owner. NOTE A signed written instrument acknowledging a debt and promising payment. NOTICE OF QUIT A... ...read the full story
Real Estate Glossary and Terminology ABSTRACT OF TITLE A summary of or digest of the conveyances, transfer and any other facts relied on as evidence of title together with any other elements of record which may impair the title. ACCELERATION CLAUSE A clause in a trust deed or mortgage giving the lender the right to call all sums... ...read the full story
Houses For Sale in the Philippines was built to feature houses in the Philippines worthy of selling to those who work hard for the money they have. It also stemmed from the unfortunate incident we had with buying a property that up to this day, was not turned over to us. Read More
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