Originally Posted by lawyerly
(1) You would need to purchase a condo with existing Condominium Certificate of Title because the certificate of title would be annotated with PRA's lien. Pre-selling condos and even some RFOs have to certificate of titles yet so be careful with this one.
So you are saying that most pre-selling condos DO NOT HAVE a Condominium Certificate of Title? With all these restrictions, it would seem easier for me to purchase the condo without using the US$50,000 deposit. i.e keep the $20,000 deposit in the bank, and just purchase a condo - I then have the option of a cheaper/pre-selling condo (I am a cash buyer).