"ENCUMBERED" question...

[liteboxxx]

mga sir pwede po ba magtanong?

bibili po kasi ako ng second hand car, humingi po ako ng photocopy ng OR - CR para ipaverify sa PNP-TMG kung malinis yung car. malalaman ko po ba sa clearance kung bayad na ng buo yung car?

tsaka nakita ko po sa photocopy ng CR sa box ng ENCUMBERED TO ay may nakalagay po na number. 12 digit number, (something like this 000-000-000-000) ano po ba ibig sabihin nun? yun lang po ang nakalagay sa ENCUMBERED BOX.

maraming salamat po!

[hyundai_756]

same issue here.. waiting for reply guys

[Aoshinomori]

http://tsikot.com/forums/car-buying-...ered-cr-78933/

Encumbered CR (certificate of registration) in Car Talk Board - Page 1

hindi ko rin alam pero nakita ko itong thread

[mangkas1178]

Sir pag encumbered, yan po ang unit na nakamortgage. Pagnarelease sa mortgage ereprocess ang CR at mawala nayong encumbered.

Sent from my GT-I9100 using Tapatalk

[jeDi13]

I think that's the previous owner's TIN. If it's encumbered to a company and not a 12-digit number, then that's the time you should really worry. He is not the first owner. And when he bought the car, the mother branch asked for the buyer's TIN. Just my guess.

[rafmac]

Sa cr may nakalagay to which bank ang mag finance you can check with the bank kumg cleared na

Also, when asking for the documents please ask for the release of mortgage this will serve as proof that the loan has been paid off

Lastly if the car is under reposession most probably the bank has already filed a court case kaya lalabas yan sa clearance


Posted via Tsikot Mobile App

[shelu]

mahabang proseso pa po bago malipat sa pangalan mo ang OR/CR. kailangan ang release of mortgage galing sa register of deeds. mabusisi po talaga, as in, based on personal experience. kaya suggestion lang, iwas sakit ng ulo nalang. hanap nalang ng walang encumberance.

[MrQ5]

magkano ba fee sa registry of deeds para sa cancel/release of mortgage?

[markygy]

magkano ba fee sa registry of deeds para sa cancel/release of mortgage?

Around 900 pesos more or less

[MrQ5]

did some google search since I want to have that encumbered deleted.
http://mirpam1.blogspot.com/2008/10/...t-of-auto.html

[hyundai_756]

thanks sir

[gutsy]

help mga tsikoteers. i swapped a vehicle to another vehicle and added some cash. cr and or given to me was only xeroxed together with license and deed of sale since the time of our transaction was also the registration month and i was told that the orig docs were already being processed for registration.i checked the unit with lto and it has no alarm and apprehension.. i believed and waited for the registration((my fault and serious lapse of judgement) . after 4 months of waiting and not getting any reply to my text messages. i already registered the car but when i was trying to have it trasferred to my name, i found out that the car was encumbered to another individual (not a bank/financing). i cannot locate the seller anymore after checking the adress in the license.question.1)what liability do i have to the person listed in the encumbrance.2) how can i get back with the seller 3)will i be forced to return the car legally despite the deed of sale from the seller? please help....hope this wont happen to others.

[dr. d]

help mga tsikoteers. i swapped a vehicle to another vehicle and added some cash. cr and or given to me was only xeroxed together with license and deed of sale since the time of our transaction was also the registration month and i was told that the orig docs were already being processed for registration.i checked the unit with lto and it has no alarm and apprehension.. i believed and waited for the registration((my fault and serious lapse of judgement) . after 4 months of waiting and not getting any reply to my text messages. i already registered the car but when i was trying to have it trasferred to my name, i found out that the car was encumbered to another individual (not a bank/financing). i cannot locate the seller anymore after checking the adress in the license.question.1)what liability do i have to the person listed in the encumbrance.2) how can i get back with the seller 3)will i be forced to return the car legally despite the deed of sale from the seller? please help....hope this wont happen to others.

the legal owner of the car is the one whose name is on the OR / CR.
whose name is on your xerox documents? is it the one who sold you the car? if so...
what you can do, is to talk to the other guy holding the encumbrance, and see what deal you can get from him so's the car can be released from encumbrance. there's paperwork involved here, but you appear to have no choice.
as to the CR, you should get the legal owner to make an affidavit that he could not find the original CR anymore. if you can not find him, you may not be able to transfer ownership to your name.
if all goes well, you will get the car cleared via chpg, and LTO will generate you a new CR to your name.
if any one of the above is not met, you're in trouble.

what some do, in similar trouble as you, is to simply use the car, renewing registration year after year using the other guy's name. you may not transfer ownership of the car to your name, but at least, you get to use it.

btw, ##%+??!!$$***!!!!

good luck.

[MrQ5]

kamahal naman pala, ty sir. balak na din paalis sa rehistro yung encumbered remarks.