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Best Posts in Thread: MY FIRST LAND TITLE - OWNER PROPERTY COMPANY - TRUSTWORTHY?

  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I wouldn't do anything without speaking to the property owner in person....and they better have at least 2 proper forms of government issued photo ID to prove they are who they say they are....and I would need them to provide me with 2 photocopies of each ID. I would want to see at least a drivers license and a passport (shouldn't be a problem for a Filipino currently overseas), none of this birth certificate nonsense. If they can't provide those things then there is no way I would trust them with signing over property. Never trust anyone selling property for someone else. My 2 cents.
     
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    Rye83, Feb 17, 2015
    #2
  2. Hyaku

    Hyaku DI Junior Member

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    PTA (beachfront) can only be leased. used to be 99, 66 or33, years now I think 33 only. You can do your own search. Visit the assessors office, Register of Deeds and most important B.I R. to see who owns, what taxes are paid or unpaid, is there a lease or mortgage on the said land etc. also who IS the owner and if there is a power of attorney invoked by somebody else to dispose of the property.
     
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    Hyaku, Feb 25, 2015
    #16
  3. DELETED-shotshapers

    DELETED-shotshapers Guest Guest User

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    stay well away my friend ! well away!

    my wife has a bit of property (divided a milion times) cousins in Bohol, uncle in Mindanao ...blah de blah

    its worth 2 million pesos............and they have (not me), spent 400,000 in surveys, finding land titles, chasing down the "Broker", and this is land they own, by the time its sorted the 2 million will be paid over in surveyors, registers and lawyers fees

    when buying or thinking of buying, only and when all the documents and surveys have been printed, signed off on and the land is only in one owners name, someone who is alive and living in the phils, and to finish NOT a lawyer recommended by the seller

    bantay bantay bantay
     
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    DELETED-shotshapers, Feb 20, 2015
    #10
  4. jimeve

    jimeve DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Army

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    I wouldn't touch that lot with a long bamboo stick. My advise is to look else where
     
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    jimeve, Feb 20, 2015
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  5. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    For me My Friend, I would be walking away, well riding away along that beach


    [​IMG]

    It is like I said, No one (1) person can sell that land to you and as you see Too many fingers in the Pie.:facepalm:

    JP:bag:
     
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    Jack Peterson, Feb 20, 2015
    #8
  6. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I have heard of property titles being faked as well. You should find someone to verify that they are the real and only owners, someone should also do a survey to prove that the land title is accurate and they are showing you the title to the correct property. I'm certainly no expert on purchasing land (I've never owned a plot before in my life). I'm sure some of the other members will chime in with their experiences and advice.
     
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    Rye83, Feb 17, 2015
    #4
  7. tuba-coma

    tuba-coma DI Forum Adept Restricted Account Showcase Reviewer

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    thx guys...yes, it smells fishy...but at least, it is a beautiful peace of land, so i sit down relaxed waiting what is happening next from the 2 family parties. let's take it as an adventure about how people try to sell their (?) property to a stupid foreigner :smuggrin: i am not in a hurry and my wallet is still sealed. also i am so curious how they want me to pay 1.5 million for a beach / the shoreline, that they not own, cz it is governments land. i just asked them for the title, and i guezz they are VERY busy now :tongue: so far, no reply from the owner in canada or the surely trustworthy agent in manila :wink:
     
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    tuba-coma, Feb 23, 2015
    #13
  8. ShawnM

    ShawnM Living the dream, Plan B ★ No Ads ★ Highly Rated Poster Showcase Reviewer Blood Donor Veteran Air Force

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    We used an attorney to help out with everything when we bought our lots, it was not too expensive and they knew how to get things straight. Your situation looks to be much larger and more complicated so hiring an attorney may be you best bet.

    Shawn
     
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    ShawnM, Feb 20, 2015
    #11
  9. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    Because of the Anti- Dummy laws in the PI it may well mean that No! One person, has the Authority to sell the Land. Property Companies are usually Corporations and therefore may need a Majority stake holder vote to sell, It could also be a Husband and Wife Company and it may need both to sign. For me, take a Trip to the land Registration and do a count back of Exactly who this Property Company are and the Share Holders Involved.
    I would be very Curious as to why they want to sell? maybe it is for the Very reason you asked on another Thread, THEY can't Build (For some reason)
    Well if they can't, can you? NO? Walk away would be my Answer,

    But your Lawyer should be doing all this, that is why we use lawyers.

    We have a saying here, "Buyer beware" Beach Front Properties are a Prime Site, I have to ask myself again, Why would and Established Property Company want to sell? Please don't be a Statistic here and fall for the OH! we can unload this, he is a Foreigner,

    JMHO here.

    JP :bag:
     
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    Jack Peterson, Feb 18, 2015
    #5