Quote Originally Posted by EQAddict View Post
Wow giving your title away and having it placed in the buyers name already..... without payment is a red flag.

Find another buyer.

Not worth the risk imho.

The title will be in the buyers name before you even receive payment? How is that even possible? The buyer will have to pay transfer taxes, fees, show the deed of absolute sale etc. Basically wala ka ng hawak literally and figuratively.




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It's also the same for the buyer.
Your handing out cash to seller before the title will be transferred to you.
Nasa buyer na yung cash pero hindi pa na transfer.
May risk pa na if hindi nagchecheck ang buyer if may other claimants, bye-bye cash.

Kaya nga safe if thru loan (bank loan or pag-ibig) yung transaction.
Kasi assured na mag hand-out talaga ng cash si bank/pag-ibig to seller.
Also assured din si buyer since if may problem yung title, hindi talaga ma hand-out to seller yung cash hanggang hindi ma clear lahat.

Yung disadvantage lang ng pag-ibig compare to bank is that matagal magrelease ng cash to seller si pag-ibig compare to bank.