What exactly is Open Deed of Sale?

**Jbordallo** · November 13th, 2017 07:07 AM

Originally Posted by red_one

The ideal is both parties are present. Pero meron notary office na okay lang kahit buyer lang or seller lang ang present. Actually dun sa notary office na pinuntahan ko, yung staff lang ang pumirma, stamp at record. Absent si attorney.

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Hi new lang ako sa forum tatanong ko lang po kasi kukuha ako ng second hand car naka open DOS kasi kinuha sya ng bank from the first owner then binili sya from the bank ng second owner so yung open DOS nakapangalan sa bank not to the second owner so ako ngayon sana yung magiging 3rd owner ano ano po ba yung tamang process non kasi inaalok ako nung 2nd owner na sya magpapanotarized daw po kami ng DOS between saamin dalawa (2nd owner to me) then sya nalang daw po magaasikaso ng pagpapatransfer ng CR to my name iwanan ko lang daw po siya ng 2 id ko at iusurender nya daw po sakin photocopy ng or/cr and deed of sale between us until matapos mya ipatransfer sa name ko.

Would appreciate the help first time kasi bibili ng car

**aioshin** · November 13th, 2017 06:58 PM

Validate mo sa bank yung records.

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**yapoy86** · November 13th, 2017 07:03 PM

Ingat kayo sa Open Deed of Sale.. strict ngaun ang LTO sa expired photocopy of ID ng original owner!

**Jbordallo** · November 14th, 2017 02:05 PM

Originally Posted by yapoy86

Ingat kayo sa Open Deed of Sale.. strict ngaun ang LTO sa expired photocopy of ID ng original owner!

Sa bank po nakapangalan yung car

**dr. d** · November 15th, 2017 02:34 AM

Originally Posted by Jbordallo

Hi new lang ako sa forum tatanong ko lang po kasi kukuha ako ng second hand car naka open DOS kasi kinuha sya ng bank from the first owner then binili sya from the bank ng second owner so yung open DOS nakapangalan sa bank not to the second owner so ako ngayon sana yung magiging 3rd owner ano ano po ba yung tamang process non kasi inaalok ako nung 2nd owner na sya magpapanotarized daw po kami ng DOS between saamin dalawa (2nd owner to me) then sya nalang daw po magaasikaso ng pagpapatransfer ng CR to my name iwanan ko lang daw po siya ng 2 id ko at iusurender nya daw po sakin photocopy ng or/cr and deed of sale between us until matapos mya ipatransfer sa name ko.

Would appreciate the help first time kasi bibili ng car

the bank transacts business via open deed of sale???
suspicious...
check. check. check.

**roxy_gurl** · November 15th, 2017 04:50 AM

Hello po

I'm planning to buy a second hand car din with an open deed of sale. Regarding sa fee ng notary, buyer po ba ang dapat magbayad or yung seller? What about other expenses sa transfer of ownership?

Thanks!

**Jbordallo** · November 15th, 2017 03:35 PM

Originally Posted by dr. d

the bank transacts business via open deed of sale???
suspicious...
check. check. check.

Nabili po sya ng second owner sa bank by bidding

**Jbordallo** · November 15th, 2017 03:36 PM

Originally Posted by roxy_gurl

Hello po

I'm planning to buy a second hand car din with an open deed of sale. Regarding sa fee ng notary, buyer po ba ang dapat magbayad or yung seller? What about other expenses sa transfer of ownership?

Thanks!

Hi pwede matanong kung paanong processing ng papers ginawa nyo?

**yapoy86** · November 15th, 2017 03:50 PM

Originally Posted by Jbordallo

Hi new lang ako sa forum tatanong ko lang po kasi kukuha ako ng second hand car naka open DOS kasi kinuha sya ng bank from the first owner then binili sya from the bank ng second owner so yung open DOS nakapangalan sa bank not to the second owner so ako ngayon sana yung magiging 3rd owner ano ano po ba yung tamang process non kasi inaalok ako nung 2nd owner na sya magpapanotarized daw po kami ng DOS between saamin dalawa (2nd owner to me) then sya nalang daw po magaasikaso ng pagpapatransfer ng CR to my name iwanan ko lang daw po siya ng 2 id ko at iusurender nya daw po sakin photocopy ng or/cr and deed of sale between us until matapos mya ipatransfer sa name ko.

Would appreciate the help first time kasi bibili ng car

Usually pag galing bank.. meron silabg biibigay na deed of voluntary surrender na pirmado nung original owner.. transfering all rights and interest sa bank kasi nga default ang loan. Tapos si bank bibigyan ka ng deed of sale with reference dun sa voluntary surrender plus release of mortgage kung cash mo binili.. kung loan ulit mas madali kasi yung bank na bahala sa processing..

Hindi nagbibigay ang bank ng open deed of sale

**Jbordallo** · November 15th, 2017 07:51 PM

Originally Posted by yapoy86

Usually pag galing bank.. meron silabg biibigay na deed of voluntary surrender na pirmado nung original owner.. transfering all rights and interest sa bank kasi nga default ang loan. Tapos si bank bibigyan ka ng deed of sale with reference dun sa voluntary surrender plus release of mortgage kung cash mo binili.. kung loan ulit mas madali kasi yung bank na bahala sa processing..

Hindi nagbibigay ang bank ng open deed of sale

Eto po yung text nung nagbebenta sakin ng car na binili nya sa bank via bidding

"Eto ang hawak ko from the bank ( OR CR , Deed of Absolute sale between bank and me, Secretary's Certificate,with photo copy of ID, promssory note with chattel mortgage,Disclosure statement of loan credit transaction,chevrolet sales invoice,Certificate of sale from office of the clerk of court & EX-oficio sheriff,photo copy of ID previous owner,Cancellation of chattel morgage,photo copy of official receipt RD payment,Chevrolet cruze manual 2012 eto lahat ang papers from the bank na hawak ko."

Yung original receipt po ng RD is nakay bank photocopy daw po binigay sa kanya kasi pupunta daw po ng registry of deeds then ipapa cancel daw po doon yung previous RD then iisuehan daw po ako ng pani bagong original receipt ng RD.then one na binigay na yung bagong receipt pupunta na daw ng lto para sa transfer ng name sa CR

Tama and complete po ba?

Thank you sa response