Encumbered CRs

[1D4LV]

may kasama namang release papers yan. its not an issue. kung walang kasamang release papers yan, walk away.

[Galactus]

Ok lang kahit may tatak pang "Encumbered." Madaming ganyan na kaso. Just make sure na may kasamang cancellation of chattel mortgage na kasama. (In my case, fully settled na yung car loan ko 2000 pa. When I sold it to a friend in 2007, siya na nag-lakad ng cancellation sa RD at pagkuha ng bagong CR sa LTO).

[[archie]]

tanong lang mga boss:

kasi may natitipuan akong 2nd hand kaso may encumbered. meron naman release papers pero hindi ko maverify sa bank. nasa kanya yung original CR. takot lang kasi ako bumili baka kasi may utang pa or something.

my question is: is there any other way to check if the unit is fully paid? would verification from the RD be enough?

[[archie]]

up lang...

[james00112233]

I have a question:

nasa akin na lahat ng documents (release of mortgage papers / cancellation of chattel mortgage). pwede bang isabay na lang sa registration yung pagpalit dun sa "Encumbered" sa current CR?

[cfatchma]

Mga Sir/Mam, baka meron po may alam kung ano pwede ko gawin. Ung nabili ko po na auto ay may mark na "encumbered china bank P1,050 then may nakapatong na 000-000-000-000". 1st owner po is ADB which is paid in full kase wala po nakalagay na "encumbered", then may 2nd owner and 3rd owner. So pang 4th owner napo ako. According to the 3rd owner, since ADB ang 1st owner, Tax free daw po and fully paid and sasakyan pero nung tinransfer napo sa 2nd owner (private), the 2nd owner needs to pay the taxes na hindi naicharge sa ADB as policy ata which had been paid by the 2nd owner with xerox proof of deposit slip and BIR Certificate.

Pagdating sa 3rd owner which is under a company name, nakalagay parin po yung "encumbered chinabank P3,950 then may nakapatong na 000-000-000-000" which is mas mataas na po ung amount na nakalagay. Again, 2nd owner paid it with xerox receipt.

Nakapagtataka lang po kase yung amount na nasa "encumbered chinabank (amount)" is the exact amount na binayaran ng 2nd owner and yung nasa BIR Certificate which is P1,050 & P3,950. And sabi nung 3rd owner (representative nung company) un daw po siguro ang rason kung bakit may encumbered.

Ang pagkakaintindi ko po kase pag sinabi na encumbered, ginawang collateral ang auto or may utang ang tao na nakalagay sa OR/CR at yung TAX na dapat bayaran ay walang connection sa encumbered. Hindi mawawala yung encumbered kahit nagbayad na ng TAX. Tama po ba?

Nakapagtataka din po na naililipat ng mga previous owner sa kanila yung OR/CR kung kailangan pa ng "cancellation of chattel mortgage"

Meron po ako kopya ng mga OR/CR ng lahat, pati mga Deed of sale from 2nd owner to 3rd owner then to me. Board resolution ng 3rd owner.

Gusto ko npo mailipat na saken ang pangalan ng sasakyan without encumbered on the CR. Ang problema ko po wala po maibigay na "cancellation of chattel mortgage" ang 3rd owner dahil wala din daw po naibigay sa kanila.

May nakapagsabi po saakin na OK lang naman daw po yung may encumbered as long as may Deed of Sale. Pero hindi maililipat sa pangalan ko tama po ba? and pagnagkaproblema, malaking abala sa korte.


Added questions:
1. Nageenternatain po ba ng banko like chinabank na icheck yung record ng sasakyan kung ginawang collateral or may utang ang previous na may ari or kung ito ay bayad na?
2. Kung bayad na siya sa lahat ng obligasyon, since ako napo ang current owner, pwede po kaya ako makahingi ng original na "cancellation of chattel mortgage" sa banko?
3. Pwede po ba na ako na mismo ang magapply for cancellation of chattle mortgage?

Sana po ay matulungan ninyo ako.

Salamat po