Open Deed of Sale Questions

[sirkosero]

Baka may nakaka alam, ask ko lang.

We got a repo unit, bali nakuha namin eto sa buy and sell instead of directly sa bank.

Para ma transfer sa amin yung ownership (Oct 2016 acquired unit based sa or/cr), registration ata next month due, ano yung need naming documents?

1. Deed of sale (Anong deed of sale need ba namin, between us and the buy and sell (we already have this) and/or between the bank/first owner and the buy and sell?) When the bank sold it to the buy and sell, ang ang seller ba in the DOS is the bank?

2. Orig or/cr - better if wala ng encumbrance, if meron, need lang na namin is release of chattel mortgage from the bank?

The buy and sell told us that they will give us the papers from the bank in 3-4 weeks. Haven't asked yet kung anong documents specifically yun.

Hassle yan.

Kailangan mo deed of sale ng bank to the bayanseller, deed of sale bayan seller to you.

Corp secretary cert ng bank

Kailangan mo ng affidavit of surrender or yung court docs na foreclosed yung auto.

Kalangan ddin cert cancellation of mortgage

Then punta ka sa registry of deeds kung saan originally nakarecord yung utang. Hassle din ito samin kasi batangas pala yung nabili naman, eh farview kami.

Then hpg clearance

Then punta ka sa lto kung asaan ang mother file



Sent from my MI MAX 2 using Tapatalk

[dr. d]

Hassle yan.

Kailangan mo deed of sale ng bank to the bayanseller, deed of sale bayan seller to you.

Corp secretary cert ng bank

Kailangan mo ng affidavit of surrender or yung court docs na foreclosed yung auto.

Kalangan ddin cert cancellation of mortgage

Then punta ka sa registry of deeds kung saan originally nakarecord yung utang. Hassle din ito samin kasi batangas pala yung nabili naman, eh farview kami.

Then hpg clearance

Then punta ka sa lto kung asaan ang mother file



Sent from my MI MAX 2 using Tapatalk

hassle nga.
next time, i'm buying from the owner-seller... from metro manila.

[TheUninvited]

Hassle yan.

Kailangan mo deed of sale ng bank to the bayanseller, deed of sale bayan seller to you.

Corp secretary cert ng bank

Kailangan mo ng affidavit of surrender or yung court docs na foreclosed yung auto.

Kalangan ddin cert cancellation of mortgage

Then punta ka sa registry of deeds kung saan originally nakarecord yung utang. Hassle din ito samin kasi batangas pala yung nabili naman, eh farview kami.

Then hpg clearance

Then punta ka sa lto kung asaan ang mother file



Sent from my MI MAX 2 using Tapatalk

Salamat sir!

We got it for a low price naman plus may warranty pa sa CASA, I guess worth the effort. Lol

[_Qwerty_]

pag repo dapat may deed of sale sa bank and yung bumili sa banko.. then may release of chattel din dapat.. mas maganda kung nailipat na nung bumili sa pangalan nya..

[Tha_Mann]

pa ride na lang dito.

yung Deed of Sale ba, need notarized bago kumuha ng HPG clearance? may mga DOS kasi na nde pa notarized, pero sabi valid naman yun? saka once notarized, may expiration date ba yun na kelangan mai-transfer na kaagad sa buyer yung car ?

[dr. d]

pa ride na lang dito.

yung Deed of Sale ba, need notarized bago kumuha ng HPG clearance? may mga DOS kasi na nde pa notarized, pero sabi valid naman yun? saka once notarized, may expiration date ba yun na kelangan mai-transfer na kaagad sa buyer yung car ?

the open DOS is pre-signed by the legal owner who sold it.
but the buyer's name and details, still have to be filled in.
the DOS is notarized only after the other blanks are filled in.

even if chpg might honor it, lto does not honor non-notarized DOS.
so why prolong the agony?

but i do not understand how it can be honestly notarized, when the notary reads "...before me appeared...both signatories..".

i suppose, it passes for legal fact, because no one among the signatories, will come forth and testify to the contrary...

the DOS does not expire.
but folks are mindful that the IDs presented, are not expired at the time of fixing the documents.

[_Qwerty_]

basta may valid govt ID ino notarize yan.

[Tha_Mann]

the open DOS is pre-signed by the legal owner who sold it.
but the buyer's name and details, still have to be filled in.
the DOS is notarized only after the other blanks are filled in.

even if chpg might honor it, lto does not honor non-notarized DOS.
so why prolong the agony?

but i do not understand how it can be honestly notarized, when the notary reads "...before me appeared...both signatories..".

i suppose, it passes for legal fact, because no one among the signatories, will come forth and testify to the contrary...

the DOS does not expire.
but folks are mindful that the IDs presented, are not expired at the time of fixing the documents.

thanks for the detailed explanation, doc! very helpful info.

[_Qwerty_]

follow up question on DOS notarization.. how much does your suking Notary Public charges? Is it true that it's a percentage of the amount in the DOS? or should it be fixed?