The Legal Side of Real Estate

[checkline_princess]

AWW! THANK U FOR THE ADViCE SiR! iLL JUZ FOLLOW UR iNSTRUCTiONS ND UPDATE YOU iNCASE .. HOPEFULLY iCAN FiND A BETTER LAWYER THiS TiME

 

 

THANK U!

[erick_dcruz]

Hi Team,

 

I need your help,,may question lang ako pag dating sa pag-papagawa ng Bahay....kc meron kming loteng nabili d2 sa QC banda....then balak na namin patayuan ng bahay.....ano ano ba ang mga requirements na kelangan namin before mag patayo ng bahay,,saka pag dating sa building permit mga mag kano kya ang magagastos namin.....?

 

 

Another question...

 

 

Isa pa may nabili kming lote jan sa may bandang bulacan total of 150 square meter na with total amount of more or less 600k ...then nkapag hulog na kmi ng mga 100k then kaso prang gusto na namin i-atras ang pag huhulog kc prang hindi na nmin kayang bayaran kc mga more or less 15k sya per month.....may chance pa ba kmi na ma-i-refund yung na ihulog namin na 100k?

 

 

Mga kapatid please give me some idea nman.....HELP nman po...please....

 

wait ko nlang mga reply nyo ha.....

 

 

 

Advance thanks for your help.............

[azayco]

Hi Team,

 

I need your help,,may question lang ako pag dating sa pag-papagawa ng Bahay....kc meron kming loteng nabili d2 sa QC banda....then balak na namin patayuan ng bahay.....ano ano ba ang mga requirements na kelangan namin before mag patayo ng bahay,,saka pag dating sa building permit mga mag kano kya ang magagastos namin.....?

 

 

Another question...

 

 

Isa pa may nabili kming lote jan sa may bandang bulacan total of 150 square meter na with total amount of more or less 600k ...then nkapag hulog na kmi ng mga 100k then kaso prang gusto na namin i-atras ang pag huhulog kc prang hindi na nmin kayang bayaran kc mga more or less 15k sya per month.....may chance pa ba kmi na ma-i-refund yung na ihulog namin na 100k?

 

 

Mga kapatid please give me some idea nman.....HELP nman po...please....

 

wait ko nlang mga reply nyo ha.....

 

 

 

Advance thanks for your help.............

 

1. I am not too familiar with the requirements and costs of a building permit. It is best to go to your city or municipal hall. They should have a checklist for this.

 

2. See my earlier post. It is also applicable to you.

 

My earlier post

[Queen Darkeinjel]

Sirs and Ma'ams:

 

I have a question po regarding the house we bought from a developer RFO na yung house and we bought it 2 years ago...

 

1. We found out about 1yr ago that the house is still under the name of the previous buyer (pag-ibig) letters still keep coming to our house. What can we do about this?

 

2. We applied for the pag-ibig loan the same time that we bought the house, but the developer did not inform us that the loan was denied (2006) simply because the Pagibig payments (for 2 years) is inconsistent, they just informed us last August since that was the last of the PDCs. What should we do?

 

TIA

[play_boi]

good eveningmay tanung lang po sana ako tunkol sa case ng pinsan ko. may na bili po kasi sya na lot ang owner ay isang 50yo na babae may 2 anak na nakalagay ay guardian po sya. na bili nila yung lot 90's pa nung binenta sa pinsan ko minor pa yung isa sa dalwang bata. bale ang nakalagay po sa title ay"name ng owner at guradian ni ##### & #####"

 

nung mag ttransfer po kami sinabi sa LRA na kailangan ng court order dahil minor yung isa at sa law hindi dapat mag benta ng property ang minor.. the fact na wala naman capabilty bumili ang minor ng lot, ang owner ay ang nanay padin so bakit pa po kailangan ng court order. anyway dapat po ba talaga ang court order para ma tapos na ang pag transfer? ang isa pa po kasing probelm eh kailangan madala ng pinsan ko ang title bago matapos ang buwan pero mukhang matatagalan dahil sa court order! ano po ba ang solusyon sa probelm na ito? at baka naman po may kilala kayo sa LRA na pwede makatulong..

 

maraming salamat po

[Dr_PepPeR]

Sirs and Ma'ams:

 

I have a question po regarding the house we bought from a developer RFO na yung house and we bought it 2 years ago...

 

1. We found out about 1yr ago that the house is still under the name of the previous buyer (pag-ibig) letters still keep coming to our house. What can we do about this?

 

2. We applied for the pag-ibig loan the same time that we bought the house, but the developer did not inform us that the loan was denied (2006) simply because the Pagibig payments (for 2 years) is inconsistent, they just informed us last August since that was the last of the PDCs. What should we do?

 

TIA

 

It's possible that the house and lot you bought was a cancelled contract due to non-payment so it may be in the name of the former buyer. Are you saying that the title is in the name of Pag-ibig? In any case, developers do not usually transfer the title until full payment of the property. As to your second query, I'm not too sure about the policy for Pag-ibig loans but Pag-ibig will usually pay in lump sum to the developer when the title is transferred to the buyer's name. Maybe the best thing is to write the developer about the status of the property you bought so they will be forced to answer you in black and white what exactly are the issues concerning your property.

 

good eveningmay tanung lang po sana ako tunkol sa case ng pinsan ko. may na bili po kasi sya na lot ang owner ay isang 50yo na babae may 2 anak na nakalagay ay guardian po sya. na bili nila yung lot 90's pa nung binenta sa pinsan ko minor pa yung isa sa dalwang bata. bale ang nakalagay po sa title ay"name ng owner at guradian ni ##### & #####"

 

nung mag ttransfer po kami sinabi sa LRA na kailangan ng court order dahil minor yung isa at sa law hindi dapat mag benta ng property ang minor.. the fact na wala naman capabilty bumili ang minor ng lot, ang owner ay ang nanay padin so bakit pa po kailangan ng court order. anyway dapat po ba talaga ang court order para ma tapos na ang pag transfer? ang isa pa po kasing probelm eh kailangan madala ng pinsan ko ang title bago matapos ang buwan pero mukhang matatagalan dahil sa court order! ano po ba ang solusyon sa probelm na ito? at baka naman po may kilala kayo sa LRA na pwede makatulong..

 

maraming salamat po

 

If you bought property that is still in the name of the minor children, the Register of Deeds will require documentation that the minors are of legal age or that the sale was done by the guardian with the approval of the court. That's just the way guardianship works since all acts of dominium made by the guardian are subject to court approval.

Edited November 18, 2008 by Dr_PepPeR

[play_boi]

thanks dr pepper! i guess the really want a court order for that matter. hhaaiiizzz how long is it to apply for a court order?

[johnlove]

Re: transfer of land & house ownership thru donation vs deed of sale, what are the pros & cons? Thank you.

[Dr_PepPeR]

Re: transfer of land & house ownership thru donation vs deed of sale, what are the pros & cons? Thank you.

 

Donation - You pay donor's tax which is a graduated tax based on the value of the property donated. So the higher the value, the higher the tax which can go as high as 30%. Then you pay the usual transfer tax/registration fees. Look up the National Internal Revenue Code for the applicable donor's tax.

 

Sale - You pay capital gains tax of 6% plus 1.5% documentary stamp taxes (or a total of 7.5%) of the value and the usual transfer tax/registration fees.

 

IMHO, it's cheaper to the individual if it's via Deed of Sale.

[azayco]

Re: transfer of land & house ownership thru donation vs deed of sale, what are the pros & cons? Thank you.

 

Sale - I agree with Dr Pepper. Capital gains tax will be 6% of the higher of gross selling price or zonal value. If the house and lot you are selling is your principal residence, the sale may be exempt if you plan to use the proceeds of the sale to buy a new principal residence within 18 months. Documentary stamp tax will be 1.5% of the higher of gross selling price or zonal value.

 

Donation - It is better to donate if the fair market value of the house and lot is less than P1.8 million (At P1.8 million, the rate of capital gains and donor's tax are the same - 6%).

[pol22366]

Sirs and Ma'ams:

 

I have a question po regarding the house we bought from a developer RFO na yung house and we bought it 2 years ago...

 

1. We found out about 1yr ago that the house is still under the name of the previous buyer (pag-ibig) letters still keep coming to our house. What can we do about this?

 

2. We applied for the pag-ibig loan the same time that we bought the house, but the developer did not inform us that the loan was denied (2006) simply because the Pagibig payments (for 2 years) is inconsistent, they just informed us last August since that was the last of the PDCs. What should we do?

 

TIA

 

There are certain things that you need to clarify in order to get a full grasp of you situation and thereafter react.

 

First. Ask from the developer or from pag-ibig why is it that the house (and lot) is still in the name of the previous owner.

 

Second. Ask the develloper or pag-ibig what happened to the payments through PDCs???

 

Third. Ask from pag-ibig is you can re-apply for your loan and/or restructure your previous one.

 

It would be also prudent to ask the developer to certify that you are the current legitimate/recognized possessor of the property.

Edited November 24, 2008 by pol22366

[johnlove]

Thank you Dr. Pepper & azayco.

[teban]

Hi po I would like to ask for your knowledge on our property. My father just passed away last tuesday, we have two properties one which has been declared to my mom but has declared married to my father i.e ( Mother, of legal age, Filipino, married to Father). Now we would like to know if there are estate taxes that we still need to pay or process for the said titles or is it fully named under my mom so therefore the death of my dad does not have any impact to how we process the properties?

 

I would also like to ask kung nagpapagawa ba ng building may name din yung building owner parang sa lot? Kasi yung isang building dad ko nagpagawa so we are still looking for the docs and we assume that if there is a name it would be his.

 

Thanks po!

[rocco69]

dahil ang description ng property ay "Mother, of legal age, Filipino, married to Father", mas malamang sa hindi, ito ay na-acquire ng sila ay mag-asawa na. Kaya mas malamang sa hindi, ito ay conjugal property (pag-aari nilang pareho). Kung ganun, 1/2 nito ay pag-aari ng namatay nyong father. Yung parte niyang ito ay subject to estate tax. Kaya lang kasi, mas maganda na kumunsulta kayo sa abugado kasi may posibilidad din na di ito conjugal property.

 

Yung sa building naman, ang general rule, kung sino ang me-ari ng lupa ay siya ring may-ari ng building. Tapos, walang separate title para sa building.

 

 

 

Hi po I would like to ask for your knowledge on our property. My father just passed away last tuesday, we have two properties one which has been declared to my mom but has declared married to my father i.e ( Mother, of legal age, Filipino, married to Father). Now we would like to know if there are estate taxes that we still need to pay or process for the said titles or is it fully named under my mom so therefore the death of my dad does not have any impact to how we process the properties?

 

I would also like to ask kung nagpapagawa ba ng building may name din yung building owner parang sa lot? Kasi yung isang building dad ko nagpagawa so we are still looking for the docs and we assume that if there is a name it would be his.

 

Thanks po!

[rocco69]

dahil ang description ng property ay "Mother, of legal age, Filipino, married to Father", mas malamang sa hindi, ito ay na-acquire ng sila ay mag-asawa na. Kaya mas malamang sa hindi, ito ay conjugal property (pag-aari nilang pareho). Kung ganun, 1/2 nito ay pag-aari ng namatay nyong father. Yung parte niyang ito ay subject to estate tax. Kaya lang kasi, mas maganda na kumunsulta kayo sa abugado kasi may posibilidad din na di ito conjugal property.

 

Yung sa building naman, ang general rule, kung sino ang me-ari ng lupa ay siya ring may-ari ng building. Tapos, walang separate title para sa building.

 

 

 

Hi po I would like to ask for your knowledge on our property. My father just passed away last tuesday, we have two properties one which has been declared to my mom but has declared married to my father i.e ( Mother, of legal age, Filipino, married to Father). Now we would like to know if there are estate taxes that we still need to pay or process for the said titles or is it fully named under my mom so therefore the death of my dad does not have any impact to how we process the properties?

 

I would also like to ask kung nagpapagawa ba ng building may name din yung building owner parang sa lot? Kasi yung isang building dad ko nagpagawa so we are still looking for the docs and we assume that if there is a name it would be his.

 

Thanks po!