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mortagage by a foreigner

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1 mortagage by a foreigner on Mon Mar 19, 2012 10:30 am

andresrizal


Arresto Menor
Good Day.

We have a former client who just got back here in the Philippines. He is already an American citizen and he wants to mortgage his house and lot here. Are there laws that prohibit foreigners to mortgage their properties? Will our Real Estate Mortgage document suffice?

Thank you.

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2 Re: mortagage by a foreigner on Sat Mar 24, 2012 12:26 am

attyLLL


moderator
if he is a former filipiono then he is still allowed to own the property


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3 Re: mortagage by a foreigner on Sun Mar 25, 2012 6:52 pm

andresrizal


Arresto Menor
Therefore, he is allowed to mortgage his property? Is it proper to identify him as an american in the Real Estate Mortgage?

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4 Re: mortagage by a foreigner on Sat Mar 31, 2012 5:30 pm

attyLLL


moderator
put that he is also a former filipino


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5 Re: mortagage by a foreigner Today at 8:36 pm

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