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  1. Join Date
    Sep 2004
    Posts
    2,976
    #11
    Quote Originally Posted by larshell View Post
    AFAIK, Before you can Cancel your mortgage at the registry of deeds you need to obtain certificate of full payment and release of chattel mortgage from the bank.

    Cancellation of mortgage, car or house loan is being done at the registry of deeds. AFAIK.
    Oops, tama si larshell, Release of Chattel Mortgage pala
    Double-checked with our bank where I work and Unionbank (which financed my 96 Sentra). Cancellation of Mortgage ang term na ginagamit nila.

  2. Join Date
    Jul 2005
    Posts
    1,113
    #12
    Called up LTO Pasig to ask, and they said that cancellation of mortgage should be done at whichever branch it is that's on your 'encumbered' CR. Oh well...

  3. Join Date
    Jan 2008
    Posts
    152
    #13
    may realese of mortgage na ako.

    kapag nagtransfer of ownership ba ako kasama na yung CRE to CR?

    thanks

  4. Join Date
    Mar 2009
    Posts
    72
    #14
    Saan po ba ang office ng Registry of deeds?

  5. Join Date
    Oct 2002
    Posts
    36,802
    #15
    Quote Originally Posted by Macmon View Post
    Saan po ba ang office ng Registry of deeds?
    cityhall or municipal hall kung saan ka man

  6. Join Date
    May 2009
    Posts
    378
    #16
    Quote Originally Posted by swordsman View Post
    Tama, and i already got the Release of Chattel Mortgage, and all other documents. Sa LTO na lang talaga if kahit saan pwede. Sana nga pwede anywhere na LTO branch, sayang din pagpila if ever di pala pwede.

    Next loan ko sa PSBank na nga. Hehe. Bilis pa approval, 5 days or may discount ka sa interest.
    Alam ko po sir kung saan nag originate yung CR dun po kayo magpupuntang LTO. nagpa change name kasi ako ng secondhand car last year lang kaso binigay lang sa akin yung release of chattel mortgage and other papers, nagpunta ko LTO pasig sa paranaque ko daw dapat dalhin yung car kasi dun daw nakalagay sa CR ko.Magbabayad ka pa kasi nyan sa municipal na nakakasakop sa LTO (LTO branch sa CR mo)para sa tax, Yun ang requirements naman sa LTO.dun mo pa lang makukuha yung CR mo na my "Owners Copy" not "Encumbered".

  7. Join Date
    Apr 2006
    Posts
    6
    #17
    pag po ba pinatanggal mo na ang encumbered sa CR mo, yung date ng new CR sa present date na ba? for example, meron po ako bibilhin na xtrail2006 pero sa CR ng seller, 2008 ang date na nakalagay. He was explaining na tapos na po ang financing kaya pinalitan na nya to his name nung 2008. How would i know if 2nd hand or 1st owner ba talaga sya? TIA

  8. Join Date
    Jul 2007
    Posts
    39
    #18
    Quote Originally Posted by swordsman View Post
    Tama, and i already got the Release of Chattel Mortgage, and all other documents. Sa LTO na lang talaga if kahit saan pwede. Sana nga pwede anywhere na LTO branch, sayang din pagpila if ever di pala pwede.

    Next loan ko sa PSBank na nga. Hehe. Bilis pa approval, 5 days or may discount ka sa interest.
    Hi po, so how much po ang fee sa LTO? kahit saang LTO branch po ba pwede?

  9. Join Date
    Jul 2007
    Posts
    39
    #19
    Sabay po kase natapos ang amortization and renewal -pwede po ba one time application nalang sa lto para 1 time fee nalang? thanks

  10. Join Date
    Dec 2005
    Posts
    38,973
    #20
    Quote Originally Posted by ronaldcu View Post
    pag po ba pinatanggal mo na ang encumbered sa CR mo, yung date ng new CR sa present date na ba? for example, meron po ako bibilhin na xtrail2006 pero sa CR ng seller, 2008 ang date na nakalagay. He was explaining na tapos na po ang financing kaya pinalitan na nya to his name nung 2008. How would i know if 2nd hand or 1st owner ba talaga sya? TIA
    Yes, present current date ang nasa CR,- pero may reference number itong nakasulat na tumuturo sa old CR.

    If he still has the old CR,- then you will know if 1st owner or 2nd owner siya....

    (walandyo - 2009 pa pala ang tanong na ito... )

    19.7K:boxing1:

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Cancellation Of Mortgage in LTO