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PMT Forum's MOST POPULAR Discussion Boards => Property and Real Estate => Topic started by: Shielasamarah on Dec 02, 2019, 05:15 PM

Title: Memorandum of Encumbrances
Post by: Shielasamarah on Dec 02, 2019, 05:15 PM
Hello po.Newbie here. Ask ko lang po nakabili po kmi ng house n lot sa isang subdivision. Sa  copy po ng TCT na binigay nila may Memo of Encumbrances sa last page. Actually wala po talaga ko idea about dito at hindi rin po nabanggit ng mga Sales at sa head office ng kumpanya.

Memorandum of Encumbrances

Liabilities under section _ Rule _ :
To creditors,Heirs and other persons unlawfully deprived of participation in the estate of the deceased _______ as extrajudicially settled for a period of 2yrs pursuant to section etc...

Real estate mortgage : In favor of UCPB savings bank. Inc. For the Sum of 54,100,000.00 etc....

Subject to the restrictions stipulated in the deed of sale.

Yan po ung nakalagay sa last page. Ibig sabihin po ba nito nakasangla ang buong subdivision? Meron kc mga bayad na po pero 2yrs na wala pa silang titulo. Kmi po ay onti nalang tapos nang bayaran