HELP! Encumbered CR

[ray_noel]

sounds correct around 2k lang removal ng encumbrance. you can sell the car naman tapos buyer na magpa remove ng Encumbered. mag usap nalang kayo if willing yun buyer as long as complete ang documents. ang mahirap lang kun tulad nun nawawala nga ang cancellation of mortgage or original cr and the like.

In case like this, deed of sale will be sufficient right (not open deed of sale)? Just incase accident will happen, it will be the buyer’s (name in the deed of sale) responsible already to settle the issue? ....

If that would be fine, i plan to have deed of sale stating all the facts about the docs that he will be receiving including all encumbered related docs...

This is not my first time to dispose a car however this is the first with encumbered cr plan to dispose...


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[babkalakal]

In case like this, deed of sale will be sufficient right (not open deed of sale)? Just incase accident will happen, it will be the buyer’s (name in the deed of sale) responsible already to settle the issue? ....

If that would be fine, i plan to have deed of sale stating all the facts about the docs that he will be receiving including all encumbered related docs...

This is not my first time to dispose a car however this is the first with encumbered cr plan to dispose...


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i am not a lawyer pero i think just make sure you have a complete notarized deed of sale indicating such and you should be ok.

[ray_noel]

i am not a lawyer pero i think just make sure you have a complete notarized deed of sale indicating such and you should be ok.

Thanks for the thoughts! Highly appreciate it!


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