deed of sale

[hops]

Hi guys, question lang.
If you are selling your car wherein you are the second owned, and you have not transferred it under your name, is it ok to issue another deed of sale on top of the first deed of sale?

Thanks in advance.

[Joe Magarac]

Hi guys, question lang.
If you are selling your car wherein you are the second owned, and you have not transferred it under your name, is it ok to issue another deed of sale on top of the first deed of sale?

Thanks in advance.

Let me say it like this: you bought a vehicle sometime ago but what happened was you did not transfer the name from the previous owner to your name when in fact you executed a "Deed of Sale". Now you wanted to sell the vehicle and the questions is, "Is it alright to issue another deed of sale on top of the first deed of sale?

The answer is YES, but the complication is this, you have to use the previous owner's name because the vehicle was not transferred under your name. Now I wonder if you can negotiate this transaction with the previous owner if the previous owner has a hard to get attitude. Just hope he has an easy to get attitude because you need badly his signature for this transaction. On your part, you cannot execute a deed of sale because legally speaking the name reflected on the CR is not your name. Best option is, process the transfer of name as early as possible then you can sell your vehicle as easy as eating "linogaw" or consult your legal counsel on this. Otherwise you'll be charged of carnapping (hehehehe just kidding).

[dr. d]

in a radio program some weeks ago, the LTO person said, "yes". you just make sure both deeds of sale (originals!) are included. but if you want to be sure, just drop by any LTO office and ask. they are friendlier than you might think.