CLOA = Certificate of Land Ownership Award
here are the details:
-we have a deed of sale (signed by both Mr. Bario and I) when i bought the lot.
-I paid MR. BARIO's loan in the land bank (this is his supposed to be delayed payments upon acquiring of the CLOA land)
-MR. BARIO's CLOA certificate was not yet awarded to him and I am helping follow this up.
-do I need to get/pay a tax declaration for this also?
-what is the purpose of a tax declaration?
-whose name will appear on the tax declaration? I think when the CLOA title is released, it will still be on the name of MR. BARIO and we need to have it transfered.
-what are the steps to following up a CLOA LAND TITLE?
- do you have any guidelines/steps on buying a lot/property under CLOA?
thank you very much and I am hoping you could answer my questions.