Hello Fellow tsikoters,

I would like to ask your expertise again...

We are planning to purchase a condo with assume balance at UCPB..

Currently the CTC is named under UCPB, now my question here is..

After fully paying the bank (UCPB), they will issue me a release of mortgage right? Then after that do we need to have it change to our name immediately? Or we can just wait for another year or so? Taxes i computed is kinda high..

Or after fully paying the bank (UCPB) they will be the one to process the transfer to our name?

Hope someone can help us with this..

Thank you again.