Philippines Insider" The Ultimate Philippines Travel Guide for Tourists and Expats

Author Topic: Beach front property  (Read 5579 times)

Offline lwood

  • Sr Member
  • ***
  • Posts: 83
Re: Beach front property
« Reply #15 on: June 16, 2008, 05:58:15 AM »
It can\'t be emphasized enough to be certain the land has a clear title.† Do not buy based on the promise of a title.† Many properties are untitled and the laws on that are different here than you are accustom to.† Make them show you a title then give it to a trusted lawyer and have them research it back to the original title to be certain there are no problems.

  • Guest
Re: Beach front property
« Reply #16 on: June 16, 2008, 07:39:38 AM »
It can\'t be emphasized enough to be certain the land has a clear title.† Do not buy based on the promise of a title.† Many properties are untitled and the laws on that are different here than you are accustom to.† Make them show you a title then give it to a trusted lawyer and have them research it back to the original title to be certain there are no problems.

You don\'t need a lawyer to research a title, although you may need them for other reasons. You can go to the city hall and do it yourself. It is fairly simple and we found the staff very helpful.

Colin

  • Guest
Re: Beach front property
« Reply #17 on: June 16, 2008, 08:11:04 AM »
On the back of the title will state if there is a lean on the property. If you buy and that lean isn\'t taken care of at the same time, You just bought the property AND the loan with whatever is due!

There\'s NO escrow company to handle all that!! There\'s NO title guarantee company either in the Philippines! If your GULLIBLE, you can find yourself in court for YEARS trying to clean up a title and NOT get it done!

Bottom line, forget what you know or think you know about buying property from where you came from! Learn, (key word), the Pinoy ways of things and protect your pocket book!
B-Ray

It can\'t be emphasized enough to be certain the land has a clear title.† Do not buy based on the promise of a title.† Many properties are untitled and the laws on that are different here than you are accustom to.† Make them show you a title then give it to a trusted lawyer and have them research it back to the original title to be certain there are no problems.

You don\'t need a lawyer to research a title, although you may need them for other reasons. You can go to the city hall and do it yourself. It is fairly simple and we found the staff very helpful.

Colin

  • Guest
Re: Beach front property
« Reply #18 on: June 16, 2008, 10:00:17 AM »
On the back of the title will state if there is a lean on the property. If you buy and that lean isn\'t taken care of at the same time, You just bought the property AND the loan with whatever is due!

There\'s NO escrow company to handle all that!! There\'s NO title guarantee company either in the Philippines! If your GULLIBLE, you can find yourself in court for YEARS trying to clean up a title and NOT get it done!

Bottom line, forget what you know or think you know about buying property from where you came from! Learn, (key word), the Pinoy ways of things and protect your pocket book!
B-Ray

It can\'t be emphasized enough to be certain the land has a clear title.† Do not buy based on the promise of a title.† Many properties are untitled and the laws on that are different here than you are accustom to.† Make them show you a title then give it to a trusted lawyer and have them research it back to the original title to be certain there are no problems.

You don\'t need a lawyer to research a title, although you may need them for other reasons. You can go to the city hall and do it yourself. It is fairly simple and we found the staff very helpful.

Colin

You have to be very very careful when buying property in the Philippines. We chose to buy from a bank on the recommendation of the Vice Mayor who is a friend of the family. This was not just for the security but also because the price was very good.

Another thing to watch out for is land described as Free Patent or something similar. This is land given away free to people by the government, but usually has conditions attached to say they cannot sell it for a number of years, usually 20. Unfortunately, it is possible for these people to obtain a genuine, but illegal, Title and sell the land. While these people may not cause any problems, there descendants could take you to court and almost certainly win. This is particularly a problem on Palawan where the government has been giving land to government employees and long term residents, and almost all of it has been within the last 20 years.

Colin