ANC On The Money: Investing In Properties





"Buy real estate when you have covered your basic needs and you have extra cash set aside." Carl Dy
ANC On The Money

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Documentary Requirements in Securing a New Tax Declaration

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Sample Copy of Tax Declaration      Here are some of the most important documentary requirements needed at Assessor's Office for you to secure a new copy of your New Tax Declaration.  You should take note however that this document thus not prove ownership but for the purpose of realty taxes application only. Documentary Requirements - Certified True Copy of a New TCT/ CCT - Photocopy of Deed of Absolute Sale with BIR Stamp - Photocopy of previous Tax Declaration - Photocopy of Official Receipt of Transfer Tax payment - Duplicate copy of Tax Clearance from Treasurers Office      After the release of the New Tax Declaration it would be advisable for you to secure a latest Certified True Copy for record purposes.
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Requirements for Reconstitution of Lost or Destroyed Real Estate Title

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Sample back image of a TCT Requirements of reconstitution of lost or destroyed OCT R.A. 26 , Section 2. Original Certificate of Title shall be reconstituted from such of the sources hereunder enumerated as maybe available, in the following order:  (a) The owner's duplicate certificate of title;  (b) The co-owner's, mortgagee's, or lessee's duplicate of the certificate of title;  (c) A certified copy of the certificate of title, previously issued by the register of deeds or by a legal custodian thereof;  (d) An authenticated copy of the decree of registration or patent, as the case may be, pursuant to which the original certificate of title was issued;  (e) A document, on file in the registry of deeds, by which the property, the description of which is given in said document, is mortgaged, leased or encumbered, or an authenticated copy of said document showing that its original had been registered; and  (f) Any other document which, in the judgment of the co
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How To Transfer Land Title in the Philippines? Part 1

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                                                                    It is sad to note that here in the Philippines "some"  buyers/investors of real estate property(ies) would have it secondary to transfer their name(s) in their title for different reason(s).  Some says that they would have it (property) only as investment that they would ask the new buyer to transfer it to avoid tax obligation (CGT) on their part.  Well, that is another story for us to discuss later.  However, some first time real estate buyers think that when they paid the property it is instantly in their name or that the transfer of title was part of their contract or sale.It is very important to note that one of the best evidence of ownership is being the first one to registered the sale in the Registry of Deed, while the other two are possession on the property and having to show the oldest & valid title of the property. Here are some basic steps in transferring Title in your name;  - Pr
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