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collateral

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1 collateral on Sat Feb 16, 2013 10:12 am

anarazo


Arresto Menor
Hi Atty,

I would like to ask if pwede ko ba gamitin as additional collateral ang property ng mother ko sa home construction loan ko. Payag naman po sya. Pwede na po ba ang Absolute SPA or kailangan talaga itransfer to me? Or pwede ko ba sya kunin as co-borrower? Senior Citizen na po sya. And one more thing, the title is under my father's and mother's name. My father died just recently. Ano po maganda and mabilis gawin?
Thanks and more power..

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2 Re: collateral on Fri Feb 22, 2013 12:47 am

tsi ming choi


Reclusion Perpetua
Just include your mother as co-maker or guarantor in the contact of loan. No need of transfer of ownership or title.

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