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Best Posts in Thread: Land questions..............what else is there

  1. Chief

    Chief DI Junior Member Veteran Army

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    If he is a dual citizen he can still retain and own property. If an American citizen, but Filipino by birth, it is limited on the amount of land he can own.
     
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    Chief, Jun 7, 2019
    #5
  2. Rye83

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

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    Former Filipinos can own some land if I remember correctly.

    But even if he can't it doesn't really matter if everyone involved is willing to come to an agreement to transfer/sell as long as the property is sold to a Filipino (your wife). Get on it before anyone kicks the bucket and hereditary rights become an issue.
     
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    Rye83, Jun 7, 2019
    #4
  3. wolvhund

    wolvhund DI Member

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    I'm assuming she is Filipino.
     
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    wolvhund, Jun 20, 2019
    #18
  4. Philpots

    Philpots DI Senior Member Restricted Account

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    But the problem is a foreigner cannot buy.
     
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    Philpots, Jun 20, 2019
    #17
  5. okiebound

    okiebound DI Forum Adept Showcase Reviewer

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    My late husband was dual citizen. He was a natural born Philippine citizen prior to becoming a US citizen. If memory serves me right, he was able to reacquire his Philippine citizenship, but at the same time retaining his US citizenship. He did not have to renounce his US citizenship at all. He drew US social security income and pension while we lived in the Philippines, at the same time he was able to purchase land and avail of all services allowed of Philippine citizens. 100% dual citizenship (US/Philippines) is legal and possible.
     
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    okiebound, Jun 7, 2019
    #10
  6. furriner

    furriner DI Forum Adept Restricted Account

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    Former Filipinos own their land and can even purchase land up to 1000 sq m urban and 5000 sq m in the country. You are correct about addressing this before the current claimants kick off; if younger inheritors stake claims, which they will because it is the national sport, well that’s another issue. It can cause family quarrels that I personally would never allow somebody married to me to go through again. Let them have the land and subdivide it amongst themselves. Each inheritor gets 100 sq m minus area for accessibility. Absurd. Of course they don’t want a small piece of land, they want you to pay them off and perhaps file a frivolous adverse claim later on after you gain title based on some long forgotten and baseless document, which they do not want to win in court but for which they want more money and you will settle because it is cheaper paying them off than going to court.

    You can see I don’t take an optimistic view of land ownership here. One thing though, in this area it is one hell of s good investment. Market values of land have risen very steeply. If a person’s Filipina wife thinks she can put up with the grief, it may pay off with a 4x return in 10 years. It is like a junk bond: very high return but very risky.


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    furriner, Jun 7, 2019
    #7