My husband bought a parcel of land in Pampanga. The mother title specifies the entire 8 hectares of land (matured year 2009). We only bought 2 hectares from it. How can we go about created a DOAS of the technical decription refers to the entire 8 hectares? After the DOA, how can we have our own title. You help is greatly sppreciated. Thanks so much.

Answer:

The owner or seller should have the entire 8 HA surveyed and subdivided already before selling you the the 2 HA.. Since they have not done so, you will have to do it yourself at great costs by going to DENR and request relocation survey to establish the boundaries of your 2 HA. With all the technical description, you could now go to the Register of Deeds for your individual DOAS.

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I have a question about paying the real property tax, what would be the punishment to the owner of a land if he delayed to pay his land within 10 or more years?

Answer:

You have to pay the interest equivalent to 2% per month on the basic tax, but in no case shall exceed 36 months.

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I transferred my mortgage from inhouse to bank, my question is…how long is it to process the transfer of title from my developer to my name? Am having an idea that my developer is taking it too long to process to enjoy their high interest rate. thank you in advance.

Answer:

It really takes sometime to transfer the title from the developer to your name. The developer will do it in bulk to arrange for transfer of titles of several properties. The reason is minimize expenses and save time. You have to do it yourself to fast track the process.

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hi I bought a land which is agricultural land before please can I have a chance to get the title on it,,since I just found out that it cannot be transferable …please help me

Answer:

Yes, you could have it titled. Just check with the Register Of Deeds on the proper steps/actions to take.

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Hi! I am planning to apply for a housing loan at Pag-ibig. Upon securing a certified true copy of my property (as one of the requirements) at the Register of Deeds sometime July, 2011, I found out that there was an annotation of an adverse claim of one of my siblings. Adverse claim was filed 2004 yet and did not receive a copy of that claim.No case was filed in court. Just want to clear it up if there’s an expiration for this adverse claim.Please advise. Thank you!

Answer:

The annotation will be in the TCT forever .You have to check with RD on the proper steps to take in order that the annotation could be removed.

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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 it from. If none, then expect to pay the previous owner’s taxes.

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 sales tax by deed of sale. You could also inherit the property if your parents are both deceased but you have to pay estate tax.

We bought a lot with a depreciated house 3 months ago and we immediately proceed with the improvements. 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, we spent 500k in the improvements.

Can you also provide an estimate how much we are going to spend with the transfer of title..

Answer:

Declare it at Peso 825.000.00 which is the market value. The Real Estate Property Tax = Peso 825,000.00 X 20% X 2% = Peso 3,300.00.

To transfer the title under your name: you have to pay the documentary stamp tax of 1.5% + transfer tax ( Peso 825,000.00 or
market value declared by BIR X 1% X 75% ) + registration fee + assessor office’s fee ( about Peso 250.00 ).

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 could arrange easily with the developer before they process the transfer. If done, then you could still transfer under your name by deed of donation executed by your parents. You have pay a donor’s fee.

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 to give them the title bec we are already fully paid.Is this correct that I should give them the title? its quite confusing.

Thanks.

Answer:

The title should be in your name already but in the file/possession of Pagibig because it’s mortgaged to Pagibig. Once it’s fully paid, you get the original title from Pagibig, bring it to The Registry Of Deeds and request them to remove the mortgage statement at the back of the title.