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Old 13th February 2019, 01:42 AM
English Andy English Andy is offline
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Users Flag! Originally from england. Users Flag! Expat in philippines.

Originally Posted by lawyerly View Post

(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).
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