BC & AC: BEFORE COVID19 & AFTER COVID19 Buyers who purchased residential property on installment during BC may have a harder time keeping up with the amortization payments during AC. Business losses and/or unemployment in AC will make it almost impossible to fulfill a lot of financial obligations. BUYER AND DEVELOPER: DAVID VS. GOLIATH Developers … Continue reading COVID19 to the Rescue: I am Unable to Pay my Monthly Amortizations. Can I Still Refund My Payments?
Property as an Extension of your Body One's property such as your private vehicle or your shelter is an extension of your body. Thus, all of these appendages are protected from trespass and unreasonable searches and seizures. Highly sensational these past few days is news of local police forces barging in an ultra-upscale condominium complex. … Continue reading Martial Who?: Can the Police Barge in your Condominium Building During a Declaration of a Public Health Emergency?
What is Enhanced Community Quarantine? Effective March 17, 2020, the entire island of Luzon was placed under Enhanced Community Quarantine (ECQ). This Executive Issuance was a sequel to a previous Memorandum dated March 14, 2020, directing government agencies to implement strict social distancing measures as part of a General Community Quarantine to arrest the … Continue reading Enhanced Community Quarantine: What it Spells Out for Lessees and Property Owners.
Village Traffic Rules: Laws in Little Kingdoms Homeowners Association rules and regulations are the law of the land, as long as you are within territorial boundaries of the concerned subdivision. These laws were crafted primarily to protect and give order to the community as a whole. As such, visitors are expected to strictly abide … Continue reading Village Car Pass: What Should You Surrender to Get in?
Bits and pieces of information have been circulating thru SMS messages and social media about the Land Registration Authority's (LRA) title standardization program. What is this about and how does this concern property owners? Land Titles: Manually-issued Certificate of Title The classic version of the Certificate of Title looks like an ancient Egyptian manuscript … Continue reading Title to your land: What is the LRA’s Voluntary Title Standardization Program?
UNFAMILIAR FACES An exclusive and gated village circulated a memorandum that reads: "All lot owners/lessors shall first register their Chinese lessees with the Homeowners Association office before moving in." Upon further inquiry behind the memo, it revealed that numerous houses have been leased out, sometimes with a 1 or 2 year deposit, to mainland Chinese … Continue reading What you should do to prevent your Property from Being Converted into a Workers Dormitory.
Purchasing your dream home can become a nightmare when you start paying the monthly equity but cannot secure a loan to cover the balance. Things get a little tricky when buyers are caught in the developer's hook, and dragged to a point of no return. No Title, No Problem? Once you've made all the necessary … Continue reading No Title, No Loan: It’s Difficult to Get a Bank Loan Without a Land Title