"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.

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[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


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[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?

[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