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Sta. Rosa City, Laguna, Philippines
Help Buy & Sell Property Residential, Commercial, Industrial Property Help buy & sell real property Documentation Services FELICIANO "JANNO" TARE PRC Reg. # 0002181 Cell phone # 0916-895-93-80 Office Tel # (049) 302-95-23 Email Add : filstar.property@yahoo.com Help Buy & Sell Real Property Consultation and Documentation Services "Golden Globe Annual Award For Business Excellence 2020 as Best Leading Real Estate Brokerage Firm"

Friday, September 10, 2021

Requirement for due diligence before buying Real property own by Corporation

Real property documents needed:
1.) Certified True copy of Transfer Certificate of Title
2.) Certified True copy of Tax Declaration of land
3.) Certified True Copy of Tax Declaration of Improvement if any
4.) Certificate of No Improvement if Lot only
5.) Tax Clearance

Corporate Documents Needed before closing the deal
1.) Copy of Secretary Certificate
2.) Board Resolution
3.) Latest General Information
4.) Article of Incorporation and By Laws
5.) SEC Certificate
6.) BIR Tin verification
7.) Certificate of no OPEN CASE 
8.) Photocopy of Valid OFFICIAL RECEIPT
9.) Photocopy of Valid Identification Card with 3 spicement signature
         ( Corporate Secretary and all Board member who signed Board Resolution)

BIR Taxes need to pay by Seller Corporation:
1,) Creditable with holding tax 6%
2.) Value Added Tax 12%

BIR Taxes need to be paid by the Buyer
1.) Documentary Stamp Tax 1.5%

City / Municipal Treasurer office - Buyer
1.) Transfer Tax .05% - .75%

Register of Deeds - Buyer
3.) Registration fee


Filstar Real Estate Brokerage and Services
FELICIANO "JANNO" TARE
PRC Reg. # 0002181
HLURB # 000900
PTR No. 4163896 Issued 1/29/21
Cell phone # 0916-895-93-80
Office Tel # (049) 302-95-23
Email Add : filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage
Help Buy & Sell Real Property
Consultation and Documentation Services

"Golden Globe Annual Award For Business Excellence 2020
as Best Leading Real Estate Brokerage Firm"

Friday, June 4, 2021

Deed of Donation complete process and requirements

DEED OF DONATION COMPLETE PROCESS AND REQUIREMENT

APPICATION OF CAR- Certificate Authorizing Registration
Requirement:
1.) Notarized DEED OF DONATION 
2.) Affidavit of No Previous Donation
3.) Certified True Copy of Transfer Certificate of Title
4.) Certified True Copy of Tax Declaration Land and Improvement
5.) If Lot only Certificate of No Improvement
6.) Valid I.D. of Donors and Donee
7.) Tin Number Donors and Donee
8.) Marriage Contract if marriage if Single Birth Certificate
9.) Proof payment of Donors Tax 6% and Documentary Stamp Tax 1.5%
Processing time more or less 1 month
Under Train Law no restriction Donor and Donees Relationship

Step 2 , PAYMENT OF TRANSFER TAX
City Hall or Municipal Treasurer office
Requirement:  photo copy of all documents release from BIR
after processing of Certificate Authorizing registration.

Step 3.) REGISTER OF DEED
Payment of Registration fee
Complete list of Requirement ALL ORIGINAL DOCUMENTS
1.) Original Owners Copy of Transfer Certificate of Title
2.) CAR - Certificate Authorizing Registration
3.) Deed of Donation with BIR Stamp
4.) Prof of Payment Transfer Tax 
5.) Certified True Copy of Tax Declaration Land and Improvement
6.) If Lot only Certificate of No Improvement
7.) Tax Clearance
8.) Valid I.D. of Donors and Donee
Processing time more or less 1 month

Step 4.) ASSESSORS OFFICE
Transfer of Tax Declaration to the new owner
Requirements:
1.) New Transfer Certificate of Title
2.) CAR - Certificate Authorizing Registration
4.) Deed of Donationa with BIR Stamp
5.) Tax Clearance

Note: Tip to the Donor so that, Still you have control of the property donated
Annotate:
USUFRUCT: (CONDATION)
    That the Donor Shall continue to enjoy all the fruits of the Herein described property during her lifetime
and that the donees cannot sell or otherwise dispose of the herein land without the prior consent and approval by the donor during her lifetime.

* can be cancelled thru (VERIFIED PITION ONLY) if still alive
* this annotation become NOT VALID if the Donor died

FELICIANO "JANNO" TARE
PRC Reg. # 0002181
DHSUD # RFO4A-B-900
PTR No. 457659 Issued 1/04/23
Cell phone # 0916-895-93-80
Office Tel # (049) 302-95-23
Email Add : filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage
Help Buy & Sell Real Property
Consultation and Documentation Services
"Golden Globe Annual Award For Business Excellence 2020
as Best Leading Real Estate Brokerage Firm


Thursday, April 8, 2021

Extra-Judicial Settlement explanation, complete process and requirements

EXTRA-JUDICIAL SETTLEMENT
Explain; - ang Extra-Judicial Settlement ay ginawaga ito pag ang Registered owner na nakalagay sa 
Transfer Certificate of Title ng real property ay NAMATAY, ang ibig sabihin ay ililipat ang pangalan sa mga taga pag mana ng property, (Asawa at mga anak) ang consequences kung hindi ito nagagawa
ng mga taga pag mana mag susufer ka ng surcharge, penalty and interest sa Bureau of Internal revenue.




COMPLETE PROCESS OF EXTAR-JUDICIAL SETTLEMENT AND REQUIREMENTS

Step 1-A. BUREAU OF INTERNAL REVENUE located under the jurisdiction of principal
resident of the deceased person.

APPICATION OF CAR- Certificate Authorizing Registration
Requirement:
1.) Notarized Extra-Judicial Settlement 
2.) PSA Death Certificate
3.) Birth Certificate of Heirs / Married Contract
4.) Certified True Copy of Transfer Certificate of Title
5.) Certified True Copy of Tax Declaration Land and Improvement
6.) If Lot only Certificate of No Improvement
7.) Certificate of land Holding
8.) Tax Clearance
9.) Valid I.D. of all Heirs
10.) Tin Number
11.) Proof payment of ESTATE TAX
Processing time more or less 1 month

Step 1-B) Publication of Extra-Judicial Settlement
                3 consecutive week, with Certificate of Publication
                and attached Publication papers

Step 2 , City Hall or Municipal Treasurer office
Payment of Transfer Tax
Requirement:  photo copy of all documents release from BIR
after processing of Certificate Authorizing registration.

Step 3.) REGISTER OF DEED
Payment of Registration fee
Complete list of Requirement ALL ORIGINAL DOCUMENTS
1.) Original Owners Copy of Transfer Certificate of Title
2.) CAR - Certificate Authorizing Registration
3.) Notarized Extra-Judicial Settlement of the Estate with BIR Stamp
4.) Prof of Payment Transfer Tax 
4.) Certificate of Publication
5.) PSA Death Certificate
6.) Birth Certificate of Heirs / Married Contract
7.) Certified True Copy of Tax Declaration Land and Improvement
8.) If Lot only Certificate of No Improvement
9.) Tax Clearance
10.) Valid I.D. of all Heirs
Processing time more or less 1 month

Step 4.) ASSESSORS OFFICE
Transfer of Tax Declaration to the new owner
Requirements:
1.) New Transfer Certificate of Title
2.) CAR - Certificate Authorizing Registration
4.) Notarized Extra-Judicial Settlement of the Estate with BIR Stamp
5.) Tax Clearance

FILSTAR REAL ESTATE BROKERAGE
FELICIANO "JANNO" TARE
PRC Reg. # 0002181
DHSUB RFO4A-B-900
PTR No. 4574659 Issued 1/04/23
Cell phone # 0916-895-93-80
Viber and WhatsApp
Office Tel # (049) 302-95-23
Email Add : filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage
Help Buy & Sell Real Property
Consultation and Documentation Services
"Golden Globe Annual Award For Business Excellence 2020
as Best Leading Real Estate Brokerage Firm



Monday, June 9, 2014

Requirements for Administrative Reconstitution of Title

REQUIREMENT FOR ADMINISTRATIVE RECONSTITUTION
FOR THE PROPERTY LOCATED IN QUEZON CITY

1.)    Administrative order
a.)    Petition for Administrative Reconstitution
b.)    Affidavit
To be Verify and file at Room 302 Reconstitution office Land Registration office
2.)    Finality
3.)    Original Owners Copy of Transfer Certificate of Title
4.)    Certified True Copy of Tax Declaration
5.)    Tax Clearance
___________________________________________________________________________

 Republic Act No. 6732
AN ACT ALLOWING ADMINISTRATIVE RECONSTITUTION OF ORIGINAL COPIES OF CERTIFICATES OF TITLES LOST OR DESTROYED DUE TO FIRE, FLOOD AND OTHER FORCE MAJEURE, AMENDING FOR THE PURPOSE SECTION ONE HUNDRED TEN OF PRESIDENTIAL DECREE NUMBERED FIFTEEN TWENTY-NINE AND SECTION FIVE OF REPUBLIC ACT NUMBERED TWENTY-SIX. 
Sources


__________________________________________________________________________

TWO MODE FO RECONSTITUTION OF TITLE
JUDICIAL AND ADMINISTRATIVE RECONSTITUTION

JUDICIAL RECONSTITUTION
The judicial mode is the general mode which is applicable to all cases of reconstitution. It requires filing a petition in the proper Regional Trial Court which shall state that the owner’s or co-owner’s duplicate certificate of title had been lost or destroyed, if such be the fact, the location, area and boundaries of the property, the names and addresses of all persons who have a claim or encumbrance on the property together with a statement of their claims, and a statement that no deeds or other instruments affecting the property have been registered (Section 12, Republic Act (R.A.) No. 26). The notice of the petition must also be published twice in successive issues in the Official Gazette, posted on the main entrance of the provincial and municipal building in which the land is situated, and sent by registered mail or otherwise to all persons named in the petition (Section 13, R.A. No. 26).
The petition must also be supported by any of the following: the owner’s or co-owner’s duplicate of the certificate of title, certified copy of the certificate of title, decree of registration/patent or deed of transfer on file in the registry of deed, a mortgage, lease or encumbrance document pertaining to the lot registered in the registry of deed, or any other document which, in the judgment of the court, is sufficient and proper basis for reconstitution of title (Sections 3 & 4, R.A. No. 26).

ADMINISTRATIVE RECONSTITUTION
The other mode, which is the administrative means of reconstitution of title will only require filing a petition with the concerned Register of Deeds. However, this mode may only be availed of in case of substantial loss or destruction of land titles due to fire, flood or other force majeure as determined by the Administrator of the Land Registration Authority, where the number of certificates of titles lost or damaged should be at least ten percent (10%) of the total number in the possession of the Office of the Register of Deeds, and the number of certificates of titles lost or damaged be at least five hundred (Section 110, PD No. 1529 as amended by RA No. 6732). In addition, the petitioner must present the owner’s duplicate of the certificate of title; or the co-owner’s, mortgagee’s, or lessee’s duplicate of the certificate of title, if any, to support his petition (Section 5, RA No. 26 as amended by RA No. 6732). All these conditions must be present. If not, then the petitioner must resort to judicial reconstitution of title.
As you can see, the procedure for administrative reconstitution of title is simpler compared to judicial reconstitution. Hence, if allowed under the circumstances, it is advisable to take this mode. However, you have to inquire first with the Registry of Deeds where the land you inherited is registered concerning the circumstances surrounding the loss of the original title kept under their custody. Please take note also that you have to present the duplicate certificate of title issued to your parents if you opt for administrative reconstitution.

Source:


Filstar Real Estate Brokerage and Services
FELICIANO "JANNO" TARE
PRC Reg. # 0002181
Cell phone # 0916-895-93-80
Office Tel # (049)302-95-23
Email Add: filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage

Saturday, March 26, 2011

BIR ZONAL VALUATION OF REAL PROPERTY

BIR Zonal valuation can be search at BIR website. - zonal valuation - search registered of deed where property located - look for the barangay,

http://www.bir.gov.ph/zonalvalues/zonalvalues.htm

Filstar Real Estate Brokerage and Services
FELICIANO "JANNO" TARE
PRC Reg. # 0002181
Cell phone # 0916-895-93-80
Office Tel # (049)302-95-23
Email Add: filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage

Wednesday, January 5, 2011

Basic Requirement if you want to sell your real property

YOU WANT TO SELL YOUR PROPERTY??


Basic Requirement,
  • Photocopy of TCT Transfer Certificate of Title
  • Tax Declaration
    •  Lot
    • Improvement if House and lot
  • Vicinity Map
If the above document received 
  • Research how much market price
  • Research BIR Zonal Valuation
  • Research in google map the location, landmark, each
Schedule of Site Inspection, pictures of the property, coordinated by the owner.

After the above work accomplished:

Set an appointment with the OWNER, for signing of AUTHORITY TO SELL 
and AUTHORITY TO INSPECT THE PROPERTY

FILSTAR REAL ESTATE BROKERAGE
Help buy, Sell, Transfer of Ownership, Surveying job ect..
Real Estate Property Concern & Consultation are very much welcome


Filstar Real Estate Brokerage and Services
FELICIANO "JANNO" TARE
PRC Reg. # 0002181
Cell phone # 0916-895-93-80
Office Tel # (049) 302-95-23
Email Add : filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage

Monday, January 3, 2011

Rules & Procedures In purchasing BANGKO SENTRAL NG PILIPINAS acquired Asset

Initial Down payment of 20% upon Submission of OFFER TO PURCHASE
with the following requirement

* BSP form - Negotiated Rules and Procedures
* BSP form - Negotialted Offer to Purchase
* BSP form - Buyers Information Sheet
* Certificate of Employment Notarized
* Employment Contract
* Married Contract (if married)
* Photocopy of Passport
* Government issued ID
* Bank Account
* 2 pcs Passport I.D.

30 days after the date of Notice of Approval Monthly Amortization will start after 30 days

Filstar Real Estate Brokerage and Services
FELICIANO "JANNO" TARE
PRC Reg. # 0002181
Cell phone # 0916-895-93-80
Office Tel # (049)302-95-23
Email Add : filstar.property@yahoo.com
Facebook Page: Filstar Real Estate Brokerage