Pawning Land Title

[dr. d]

Hello Guys,

would like to ask how much is the rate if ever gumawa kami ng deed of sale and have it notarize, pero hinde namin ililipat sa name namin pa...how much kaya penalty nun per month or per year rate nila?

Pease advise..

TIA

errr... they're pawning it po. they're not selling it.
ask a real estate lawyer or licensed realty agent, the pasikot-sikots of such an arrangement. you'll be surprised. one thing, 'though. leave nothing to chance. there must be only one interpretation possible. the rules of the agreement must be clear and in black and white.
the rates and conditions? it's what the pawner and pawnee agree on, po.
make sure all procedures are followed. baka ma-technical kayo kung may hindi malinaw na naka-saad sa kuntrata.

500K for such a prime property... i smell something fishy.