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why are you selling if you're still paying up the house? you loaned the house before?
is that possible to sell?
so assuming its possible, for $85k, did the buyer still continue to pay the house for the amount you loaned?
this QUOTE need answer.
in my place, somewhere here in europe, you can not sell a house if you're still paying your loan. you don't have the title until you finish paying the loan.
in my place, somewhere here in europe, you can not sell a house if you're still paying your loan. you don't have the title until you finish paying the loan.
This sucks! I can sell a house with a mortage, the price just has to be higher so some of the money can go to pay off the loan.
Can I open a corporation in the Philippines and buy it as a corporate house?
For business or other commercial purpose ? 5,000 square meters of urban land or three hectares of rural land. Section 5 of Rule XII states: ?the land should be primarily, directly and actually used in the performance or conduct of the owner's business or commercial activities in the broad areas of agriculture, industry and services including the lease of land but excluding the buying or selling thereof."
Foreigners my own buildings or houses in the Philippines legally; as long as they do not own the land on which it is built.
Foreign individuals, corporations or associations may lease land for a period of 25 years renewable for another 25 years. (P. D. No 471, Fixing a Maximum Period for the Duration of Leases or Private Lands to Aliens)
Companies or individuals investing in the Philippines may receive government permission to lease land for up to 50 years renewable for another 25 years. (Republic Act No. 7652, otherwise know as the Investors? Lease Act), but this is rare.
in my place, somewhere here in europe, you can not sell a house if you're still paying your loan. you don't have the title until you finish paying the loan.
So you cant use the proceeds from selling your house to pay off your loan? That doesnt make sense.
So you cant use the proceeds from selling your house to pay off your loan? That doesnt make sense.
You can. But you need to talk to the bank to arrange a settlement of the sale as the house is the item of your liability, you cant sell it on your own - bank have a pledge right for the house. This works at least in my country.
Foreign individuals, corporations or associations may lease land for a period of 25 years renewable for another 25 years. (P. D. No 471, Fixing a Maximum Period for the Duration of Leases or Private Lands to Aliens).
50 years same as Hong Kong, better than Thailand's 30 years.
in my place, somewhere here in europe, you can not sell a house if you're still paying your loan. you don't have the title until you finish paying the loan.
I think you're confused, you can always sell your house with a loan no matter where you are at as long as you can satisfy the loan, from either the proceeds of the sale or making up the difference yourself should your property have decreased since its purchase.
"WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..
You can. But you need to talk to the bank to arrange a settlement of the sale as the house is the item of your liability, you cant sell it on your own - bank have a pledge right for the house. This works at least in my country.
The escrow company handles all that for you, In the US most if not all property is sold using an escrow company.
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