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
Real Estate Tax Real estate tax is levied on Philippine real property and the applicable rate varies depending on the location. The maximum rate that a city or municipality within Metro Manila may impose is 1% while cities and municipalities outside Metro Manila may levy the tax at the rate not exceeding 2%. The owner has the option to pay the... ...read the full story
OWNING a real estate property and purchasing a house for sale in the Philippines have always been the dream of every Filipino breadwinner. Especially those who willingly take on the sacrifice of leaving family and country to work abroad for the proverbial better life. But as recent as two years ago, a great number of overseas Filipino workers (OFWs)... ...read the full story
Whether it’s buying a house for sale in the Philippines or anywhere on planet earth, there are 7 Red Flags you have to look out for, accdg to Yahoo Real Estate, here they are: 1. Poor water pressure - it can mean several things – either your area has no proper or good water connection, or there’s something wrong with the pipes. 2.... ...read the full story
DEVELOPERS go through great lengths just to attract overseas-based Filipino property buyers, even holding road shows abroad to directly connect with overseas workers, whose dreams include owning a house and lot, and probably one or two more properties after they retire or return back home. The country’s largest property financing agency Pag-Ibig and... ...read the full story
Foreclosures occur when the owner’s financial situation changes and he/she can no longer keep up her mortgage payments. Dealing in foreclosures is a specialty in itself. Those who understand the process do very well because, by definition, they are always buying wholesale. You have to spend some time learning the process before you can be good at... ...read the full story
Notice of Lis Pendens – the property is subject to a pending court litigation involving ownership or possession. Writ of Preliminary Attachment – the property is being held as a security for the satisfaction of a court decision which maybe rendered against the registered owner. Section 4 Rule 74 of the rules of court – the title was obtained by... ...read the full story
Check out what the State says when you find a pot of gold in your house or lot in the Philippines: HIDDEN TREASURE 1. Hidden treasure belongs to the owner of the land, building, other property on which it is found. 2. When the discovery is made on the property of another, or of the State or any of its subdivisions, and by chance,... ...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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