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Where to live - Page 3


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  #21 (permalink)  
Old 28th February 2011, 12:00 AM
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can an expact buy property in phillipines???

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  #22 (permalink)  
Old 1st March 2011, 10:45 PM
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Hello,

As far as owning property is concerned, I can share only what I've heard. I do not live there yet. I understand that you can purchase a condominium. You may also buy a house but you cannot own the land. If you are married to a Filipina then they can own anything but it will be in their name. Be careful of relatives. There are several expats on this forum who have much more knowledge that I on this and every other subject. Good luck and please forgive any erroneous info I have given. Remember that this is all hearsay and not admissible for good reason. Check with the Philippine consulate for more accurate information. Good luck.

Mikey48

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  #23 (permalink)  
Old 2nd March 2011, 01:04 AM
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Originally Posted by Mikey48 View Post
Hello,

As far as owning property is concerned, I can share only what I've heard. I do not live there yet. I understand that you can purchase a condominium. You may also buy a house but you cannot own the land. If you are married to a Filipina then they can own anything but it will be in their name. Be careful of relatives. There are several expats on this forum who have much more knowledge that I on this and every other subject. Good luck and please forgive any erroneous info I have given. Remember that this is all hearsay and not admissible for good reason. Check with the Philippine consulate for more accurate information. Good luck.

Mikey48
Hi Mikey and welcome to the forum,

You are 100% correct on all counts. Only other idea that I can offer is that some (not all) guys pay for the house and lot, put it in the name of their (legal) wife. Then to insure that arguements etc later on don't cause problems, they have their wife sign a 20 or 30 year lease. Thus problem (hopefully) solved.


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  #24 (permalink)  
Old 2nd March 2011, 01:29 AM
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The title on my property in Baguio reads It is herby certified that certain land situated in the barrio of Tocmo,.....bounded and describedas follows ........description.... is registerd in accordance with the provisions of the property registration decree in the name of Cherry icasama Cooney a filipino married to tim cooney a united states citizen both of legal age with postal residence and postal address ect. ect.
The reason I did it this way is I know a filipina who was married to a non filipino and thats the way their title was and when they got a divorce his signature was required before she could sell the property. I am not saying that there isn't someone who would forge his name or the corruption being what it is down there someone could get paid but I feel pretty confident with my name on the title. As long as I have the original title it would be hard for someone to sell the property especially with my name on it.

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  #25 (permalink)  
Old 3rd March 2013, 11:57 PM
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A friend of mine owns property in the Philippines. He told me that a non-citizen of the Philippines can legally inherit land. I did check the law and it says the property has to e sold in a reasonable time but does not define what is reasonable. Another friend of mine put his home in his GF name (he wanted to leave it to her in his will). He had her sign a mortgage agreement. His thoughts were if she kicked him out or her family took procession he would get his money back. I have my droughts about both these schemes.

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  #26 (permalink)  
Old 4th March 2013, 03:44 AM
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I have a friend who has a child with his GF. He put the property in the kids name but because the kids a minor he has to have a guardian. He had a lawyer draw up papers that says he is the legal guardian and makes all decisions regarding the property until the kid becomes of age

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Old 4th March 2013, 04:11 AM
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This threads “where to live in the Philippine got me curious. I goggled “best cities to live in the Philippines “and some other variations. I took the top ten and average their position on the list. If a city did not appear on other list I gave it a 14. I was very surprised at the result!
Davao 2.67
Makati 3.67
Iloilo City 5.67
Bacolod 6.33
Quezon 7.33
manila 7.33
Cebu 7.67
Lapu-Lapu 8.00
Marikina 8.67
Marikina 9.00
Las Piñas 9.33
San Fernando 10.00
Baguio 10.67

I always thought Davao was great but did not expect #1 or Baguio would be last!

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  #28 (permalink)  
Old 17th March 2013, 12:32 AM
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You cannot live at or on any islands. You can only llive on the highland, like Bague, with a 87 years old mother along because of the climate

Bague has a good hospital. For 1500 dollars you can have care for har and live a good life.
But I don't understand why anyone would bring a 87 years old woman away from her friends and security, really selfish.

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  #29 (permalink)  
Old 20th March 2013, 02:09 AM
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An old post, but here is my own experience regarding owning house and lot.

You can own the house but the land/lot has to be in a filipino name (wife/husbond, partner whatever). As one also stated above, it is possible to put it in your child(rens) name where you act as the legal guardian.

Another solution would be to put up a corporation and let the company lease the house/lot - then it belongs to the company - but the same problem arise since 51% of the company needs to be in filipino hands.

As far as taking your 87+ parent(s) to come live here, that's a really bad idea. Just read the Gene & Viol first comment on that - it's still true even 2 years later.

Every time I hear the ambulance here, I am always joking (in a nice way, of course) that people don't die of their injuries but of old age before they reach the hospital.
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  #30 (permalink)  
Old 20th March 2013, 07:44 AM
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Expats can own land in the Philippines w/o being married to a native. There are assigned lots for that, and tax might be higher than for Philippinos. I don't think you need to have residency for that, but if so, if you can afford to lot & house you can afford to pay for your residency. There are different ways of getting residency, dectribed in the Philipino government site. Some years agonyou could get a resideency for about 6000 dollars "no questions asked".

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