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transfer of title

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1 transfer of title on Fri Aug 03, 2012 4:49 pm


Arresto Menor
we have bought and completed payment for our house. now all documents including lot and hse title of the previous owner have handover to us including tax docs... now, we have not enough money to process the transfer. is it ok to retain for a while not to process? for legal advise please.

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2 Re: transfer of title on Tue Aug 07, 2012 5:19 am


Prision Mayor
Yes , basta meron ka ng Deed of Sale and other legal documents to prove na nabili mo na ito walang problem kung di mo pa maitratransfer sa name mo

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3 Re: transfer of title on Tue Aug 07, 2012 10:24 am


Reclusion Perpetua

while it is ok to hold for the meantime the transfer of registration to your name, it is prudent to do it as soon as you get enough money for the transfer. this is to protect your interest over that property against fraud or inconvenience.

also, it is advisable to leave open or contingent some provions in the deed of sale to avoid penalties later on when you are ready to make the transfer.

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