Itís Your Money > Real Estate Information

Cancelling a property contract

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MotorSarge:

--- Quote from: Hestecrefter on June 13, 2022, 01:52:09 AM ---My guess is that anyone coming here and firing off a question right away, without contributing even an introduction, is very unlikely to be receptive to any entreaty to actually become a forum member in good faith.  Seems to be a common attitude nowadays.  We've seen a few here of late.

Happy to note recent member pakwhan was receptive to your suggestion.  So there is hope!

--- End quote ---
Hey Hestecrefter....we will be in the PI for the month of Dec. in the Cabanatuan area. Urgent that we take care of some neglected property business since Covid has kept us away, could be a great opportunity to meet and greet if our schedules allow.. 8)

Hestecrefter:

--- Quote from: MotorSarge on June 14, 2022, 01:52:19 AM ---Hey Hestecrefter....we will be in the PI for the month of Dec. in the Cabanatuan area. Urgent that we take care of some neglected property business since Covid has kept us away, could be a great opportunity to meet and greet if our schedules allow.. 8)

--- End quote ---

Sure!  I''d like to see if we can make that work!

Gray Wolf:

--- Quote from: downunder on June 13, 2022, 11:51:24 AM ---Due to work commitments this weekend, it has been hard to write an introduction as Grey Wolf suggested - I will do soon. I guess there is still hope.

Sorry about going off topic

--- End quote ---

You're doing fine downunder  ;D No worries, my friend!

Hestecrefter:

--- Quote from: downunder on June 11, 2022, 11:05:18 AM ---Hi

Im trying to cancel my property contract and receive a refund as the contract states.
The company has told me to send them the Original contract and all original receipts they have sent me before they will proceed. Until they have that they will not cancel.
I questioned this and was told "The cancellation won't proceed without those documents. Those original Official Receipts will be checked by the Bureau of Internal Revenue"

Has anyone heard of this before?

--- End quote ---

So, what happened with this? 

For my part, no, I have not heard of that before.  Your reference to the BIR would seem to confirm that we are talking about a Philippines property contract, which was not clear at the outset. Property law there is not like what I am used to in Canada and the U.S., where I have bought and sold properties.  I find it odd that the vendor is asking, in effect, for their own contracts and I have no idea why the BIR must be involved.  But then, Phils is different.  I would not be too surprised by efforts to put up roadblocks to a refund.  Passage of time might also be a detriment to you.

Do you have an attorney there?  I have attorney friends there if you'd like a reference.  If in doubt, if the matter remains unresolved at this point, I might want to talk to an attorney there.

Maybe you have not come back to this question because the matter has been resolved favorably.  I hope so.

downunder:
Itís still ongoing Ė I have not yet had any confirmation about cancelling.
I agree with you Hestecrefter
I have contacted a Solicitor in the Philippines and this is part of the replyÖ.

Return of Official Receipts
Assuming arguendo that the requirement to return the Official Receipts is written in the Agreement, this must be struck out as void for having no legal anchor.

Conclusion
The Corporation has no legal nor contractual right to demand the return of Official Receipts, contracts, and documents to process the cancellation of the Pre-Selling Agreement.

It would be nice to get back what they owe me but Iím not going to hold my breath waiting. I was just curious about what the company told me regarding the requirements for the cancellation, which I now know to be untrue.

Thanks for the replies.

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