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What if the buyer becomes delinquent in his installments, can the seller forfeit everything? The answer is NO. The seller or developer cannot forfeit everything if the buyer has been paying for at least 2 years. A seller or developer may have the buyer sign into a contract of forfeiture of payments in case the […]
Consequences of non-payment of assessment of condo dues or association dues with homeowners association. The management body may constitute a lien on the delinquent condominium unit or housing unit by registering with the Register of Deeds a notice of assessment and delinquency. Such lien may be enforced in the same manner provided by law for […]
Is a condominium corporation mandatory to be formed in every condominium project? Condominium Corporation : Optional and Mandatory Requirement. The condominium corporation is optional if no unit will be sold in foreigners. However, the corporation is mandatory if some units, not exceeding forty percent interest in the project, will be sold to foreigners, in which […]
Value Added Tax is a basic government tax for all commodities set at 12% on top of the price of such commodity PHILIPPINE VAT LAW: “The VAT is equivalent to 12% of the gross selling price or gross value in money of goods or properties sold, bartered or exchanged. Any excise tax on these goods […]
What is the standard practice in the sharing of expenses for the transfer of title? The following is the standard practice in the sharing of expenses between the buyer and seller when transferring the real estate property title to a new owner: ON THE ACCOUNT OF THE BUYER: Documentary Stamp Tax – 1.5% of the […]
Cebu Province Official Website
Know where the email came from Amortization Schedule Calculator
Site Tripping Form used by Real Estate Brokers/Agents Sample Usufruct Agreement Sworn Statement Affidavit of Loss Pag-ibig Loan Application Form
Real Estate Boom in Cebu to take peak in 2011 Ayala Land investing 1B on first high end condo project in Cebu Cebu company wins water project What’s the number 1 cause of fire in Cebu City? How Real Estate helped 107 years old man with no pension Philippine Tourism registers positive growth
What important things I should know before buying a condominium unit? How does in-house financing compare with Pag-ibig and Banks? Developing A Residential Condo in the Phils. More Cebu Malls Sprout, Expand Can a foreigner own a property in the Philippines? Warren Buffet’s Advice to be financially healthy How much can I loan with Pag-ibig […]
