can i ask how will i know the current market value of my piece of land in the province because I want to sell it and I don't have an idea how much will I ask with my prospective buyer? My Mom still lives with us. Thank you. Alternatively, under the Rules of Court, an estate may be devolved through extrajudicial settlement, by mutual agreement among the heirs. Im laarni from Century Properties Development Corporation, Im a property consultant or also called as a real estate agent. If the gross value exceeds Php200,000 (about US$4,000) or Php400,000 (about US$8,000) in Metro Manila, then the Regional Trial Court has exclusive original jurisdiction. Is it possibble that without the DOAS the transfer of the title of the land to my name will be process? My brother, a US citizen as well owns a condo unit in Makati. ?and in the time that im coming back home to take those documents,how will i know that those documents are still same documents that i left to her?and how i can transfer it to me and my sisters name? One of the cardinal principles in the Philippines is the indefeasibility of the Torrens Title to determine the ownership of real property. The title of the estate is still with my grandparents who passed away 1979(Grandfather) and 1981(Grandmother). So, go to a lawyer (give the details like your family tree, so she or he can picture who are the heirs and how the property will be passed on) for him to make Extrajudicial Settlement of your late grandparents (since they were the registered land owners) with Waiver of Rights and Interests (of your uncle and aunt and late uncle's children) in favor of the children of your father (that is you and your siblings). Both houses are/were property of another auntie who was living for many years in Germany. In general, property can be acquired by simple agreement. What bothers me is, when I looked at my contract the VAT portion says N/A. She died without a will in the US. Him and my mother who is still alive has a conjugal property which is the house and lot that we grew up with. I would like to know the consequences of buying this land. Thanks for your time in answering this question.. We have a property that was left by my father a long time ago. Good day i just want to know what legal action my friend will do regarding her problem. You can expect that your comment will be published within 24 hours. My Mother is one of the registered owner as declared on the OCT with a Homestead Patent issued in 1965.She's quite old and unaware of what and how it happened when a developer was able to "snatched" the i just want to ask how long really is the normal leadtime of paper processing of tax declaration and land title? The heirs simply divide the estate among themselves as they see fit, by means of a public instrument, and this document is thereafter filed with the Philippine Register of Deeds. Let your uncle and aunt and late uncle's children sign said document. I have read the Philippine laws of inheritance in your page.I am currently residing in California and I was informed that the house and lot owned by my first cousin(our degree of blood relationship)was sold by her husband before he died in 2009 to his sister.I was adopted or reared by my first cousin when I was one and a half years old without any documents to prove I was brought up by her but all our neighbors and her co-teachers can testify to the truth that I grew up with her and considered me as her daughter.When my cousin was still alive she always tell me verbally in the presence of her husband that the property will be mine without living any will. She owned extensive property in Manila with her mother and brother. The Global Property Guide looks at inheritance from two angles: taxation, and what inheritance laws apply to foreigners leaving property in Philippines: what restrictions there are and whether making a will is advisable. My Question is; in the Deed OF Absolute Sale whos name should be appearing was the Authorize person? my parents are really interested with the property. Another part of the house are living her Lola and Lolo and also an auntie and family. My husband is a German. The Assessor´s office assesses the market value of the property. I am now paying the monthly amortization to the bank. She had us do a POA with waivers becuase she said we will loose all our properties if she does not have our POAs. How do we prove that it is a rental property? it is so frustrating how they process our papers. 1. Am I allowed to purchase this or Am I dual citizen. I bought a lot in Cavite, the per sqm is P5500. Two years later, a consolidation of ownership was noted and five months prior to consolidation, a deed of sale was done by the highest bidder to the new owner and was issued a TCT. Then both your name may appear in the Title. Local transfer tax is 0.50% for properties located in provinces, and 0.75% for properties My Question is; in the Deed OF Absolute Sale whos name should be appearing was the Authorize person? The land was sold, the money was divided equally between the only surviving sibling and the 4 families of the deceased siblings. Please do help me clarify this issue.Thanks. The maximum area that may be acquired for residential purposes is 1,000 square meters of urban land or one hectare of rural land. I do not agree with this at all. Login or Register to submit a comment! they said it is 4.8% of the amount to be financed is it legal? Include mid to high-rise condominiums, single detached homes, and house-and-lot packages. my parents died witout any last will of testament of their lands,im the eldest of 4 child.presently im out of the country for work,and my sisters were still under of age,all of the documents that still named by my parents are with my aunt for keeping it for the time that im away,my question is?is there any possibilities that they may take advantage of transferring all the documents into her name? 9 of us were in the states and 1 was left behind because she had her own family. There are still a lot of awesome things to do, places to see and visit in Tagaytay City. What should we do first? My mother died and my brother said he owned the land. if we will purchase the lot, is there a posiblity to work out its title? If the foreigner´s national law states that the applicable legislation is that of the foreigner´s domicile, and the domicile of the foreigner, as defined by his/her national law, is the Philippines. Where does the DOAS should come from US or Philippines?URGENT please and thank you in advance. a friend of mine enheritted a property from her deceased mother. A total of 1.69M. There is no will written by my father, the will left by my father in regards to the property sold. I understood from this article that it will be treated as an ordinary asset and will not attract capital gains tax. What do you think is going on why they cannot issue the title? Hi, I'm a Filipino Citizen. he left a 12 hectare beach property (agricultural also)under his parents name and told my mom that it was his property. If so, what should be his first step to claim the properties? Primary - legitimate children and/or descendants, Secondary - legitimate parents and/or ascendants; illegitimate parents, Concurring - surviving spouse; illegitimate children and/or descendants. And if you are smart, you can get that for about 1500 pesos ($35). we plan to subdivide it, we gathered altogether but our eldest brother is arrogant in saying that i will give away and he is not interested but i let him execute an affidavit and he insisted to do so but he told me that he is willing to accept whatever parcel we give. I checked with brokers when I was in Manila recently. hi, I'm a US citizen. what does "family home means"? To complete your registration, please click the verification link sent to: If you do not receive an email within 15 minutes, please check your spam folder or contact us for help. Find Better Homes Here. pls help. For me the big question is once I decide to sell the property how will I get the cash back out of the country? It is fully paid but owes taxes and association dues. hope to hear from you as soon as possible. can i ask how will i know the current market value of my piece of land in the province because I want to sell it and I don't have an idea how much will I ask with my prospective buyer?
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