Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

i need help

View previous topic View next topic Go down  Message [Page 1 of 1]

1 i need help on Tue Jun 29, 2010 8:42 pm

dandrammer


Arresto Menor
to cut the story short my parents mortgaged our house and lot to a private individual without any papers signed, as in mere plain and verbal loan agreement only wherein my parents borrowed P400,000.00 with the original tax dec. as security..3 yrs after, my brother's parents-in-law volunteered to pay the amount of P700,000.00 as full payment of my parent's indebtedness (the P400,000.00 plus the agreed interest therein for 3 yrs) with the verbal understanding that the house should not be sold to other people..and that said property would be used by us their children...we as heirs protested when they did not allow us to consider their generosity as conditional mortgage.. instead they executed an absolute deed of sale which my parents signed and we allegedly were defrauded to sign because then, they let us sign a blank paper except for our parents who signed the real document it was against our will but our parents will were to be followed..they were able to transfer the title in their name..and were successful from ejecting us all from possession...after 10 years do we still have the right to recover the property? because in reality they only got the property for P700,000.00 considering the actual market value of P3million 10 yrs before. or at least to ask for additional amount..

View user profile

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum