Encumbered CR

[teburcio]

Eto kasi sabi nya - Unfortunately, the car owner died leaving the debt unpaid and the car is still with the bank.

Baka ibig nya sabihin the car registration is still with the bank.

Sorry my mistake. What I meant was the original OR/CR and original key are still with the bank. The car is still being used by the family owner.

[teburcio]

Yes. Natapos na yun car loan pero hinde ma release chattel dahil meron pa utang sa bank which is I think CC debt.


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Correct sir. Credit Card is the utang.

[17Sphynx17]

Sorry my mistake. What I meant was the original OR/CR and original key are still with the bank. The car is still being used by the family owner.

Wait, so sino nagbebenta sa iyo ng kotse? Yung family or yung bank?

Kung yung family lang, why not just look for a different vehicle altogether since looks like wala naman sila intention na ayusin na yung papeles with the bank. Bakit ka pa magpapakahirap for that kung marami naman options sa 2nd hand market?

Medyo mahirap lang yan kasi hindi mo naman pwede sabihin sa agreement ninyo na babayaran mo sila for the car pero yung portion ng binayad mo sa kanila, pambayad nila sa utang nila sa bank para malinis na records at makuha mo na release mortgage. Hindi ata uubra yun kasi talagang wala na balak yung pamilya magbayad.

Might as well just look for another car to acquire instead of the headache you are looking at now.

My two cents.

[shadow]

Correct sir. Credit Card is the utang.

Kailangan bayaran talaga yun CC debt. Andoon sa pinirmahan niya yan. All other debts dapat clear bago ma release.

Pero I don't know kung pwede din legally gawin ng bank dahil kung mas malaki naman value ng car kesa sa utang dapat suklian pa dapat ng banko yun creditor.

Alam ko bawal din yan na mas malaki value ng inipit ng bank kesa sa utang. Pag ganyan sila pa dapat magbalik ng difference.




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[sirkosero]

Sorry my mistake. What I meant was the original OR/CR and original key are still with the bank. The car is still being used by the family owner.

Banks do not keep car keys. CR lang tinatago nila.

If you plan on buying the car, walk away. Walk away and never look back.

Kumbaga wag ka na makisawsaw sa problema ng iba. Napakadaming 2nd hand cars para problemahin mo yan

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[shadow]

Banks do not keep car keys. CR lang tinatago nila.

If you plan on buying the car, walk away. Walk away and never look back.

Kumbaga wag ka na makisawsaw sa problema ng iba. Napakadaming 2nd hand cars para problemahin mo yan

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Tingin ko akala lang nila nasa bank yun isang key, baka kasi hinde lang talaga dalawang keyless yun stock nun car model.


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[sirkosero]

Tingin ko akala lang nila nasa bank yun isang key, baka kasi hinde lang talaga dalawang keyless yun stock nun car model.


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Baka nga ganun nga.

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[bertbacs]

meron po ako release of chatel mortage na meron ng stamp ng registry of deeds...pero wala naibigay ung seller na resibo ng registry of deeds na kulay pink...ano po gagawin ko

Here you go. Dito ko lang din nakuha sa tsikot. Nakalimutan ko na kung sino nag post nito.