R. A. 9510 [Credit Information System Act (CISA)]

Updated on July 6, 2015 by Leave a Comment
Credit Report

Please see the full text of R.A. 9510 in relation to our post on The Importance of Credit History and Credit Scores in Real Estate Investing. Republic of the Philippines Congress of the Philippines Metro Manila Fourteenth Congress Second Regular Session Begun and held in Metro Manila, on … [Read more...]

Procedure for Judicial Foreclosure of Real Estate Mortgage (Rule 68, Rules of Court)

Updated on July 6, 2015 by Leave a Comment
Gavel

Those who may be interested in the procedure for judicial foreclosure in the Philippines may refer to Rule 68 below. RULE 68 FORECLOSURE OF REAL ESTATE MORTGAGE Section 1. Complaint in action for foreclosure.In an action for the foreclosure of a mortgage or other encumbrance upon real estate, … [Read more...]

Procedure in Extra-Judicial Foreclosure of Mortgage (A.M. No. 99-10-05-0)

Updated on July 6, 2015 by Leave a Comment
foreclosed-real-estate-auction-gavel

I'm sure a lot of people are thinking about the procedure for extra-judicial foreclosure of mortgage. For our reference, we are publishing A.M. No. 99-10-05-0 (dated August 7, 2001, as amended), as retrieved from the Supreme Court website. EN BANC [A.M. No. 99-10-05-0. August 7, 2001] (AS FURTHER … [Read more...]

Home Mortgage Relief Act Of 2014 (Senate Bill No. 2148 full text) Proposes Tax Incentives For First-Time Homebuyers

Updated on May 5, 2015 by 8 Comments
“Owning a home is a keystone of wealth… both financial affluence and emotional security”. -Suze Orman

Last Friday, April 4, 2014, we heard over the radio that Sen. Sonny Angara filed Senate Bill No. 2148 (Home Mortgage Relief Act of 2014) which proposes that tax incentives be given to first-time homebuyers. But how exactly does the proposed bill intend to do this? I'll try to answer this below, and … [Read more...]

Republic Act No. 6732 – An Act Allowing Administrative Reconstitution of Original Copies Of Certificates Of Titles Lost Or Destroyed

Updated on December 30, 2013 by 1 Comment
owner's-duplicate-certificate-of-title

Republic Act No. 6732 allows the administrative reconstitution of original copies of certificates of titles lost or destroyed due to fire, flood, and other force majeure, if at least ten percent (10%) of the total number of certificates of titles in the possession of the Office of the Register of … [Read more...]

Republic Act No. 26 – An Act Providing A Special Procedure For The Reconstitution Of Torrens Certificates Of Titles Lost Or Destroyed

Updated on December 31, 2013 by 2 Comments
owner's-duplicate-certificate-of-title2

Republic Act No. 26, provides the special procedure for the judicial reconstitution of a certificate of title that got lost or destroyed. Judicial reconstitution is followed in case least ten percent (10%) of the total number in the possession of the Office of the Register of Deeds, and less than … [Read more...]

What’s The Difference Between A Real Estate Salesperson And A Real Estate Broker?

Updated on November 7, 2013 by 9 Comments
RA 9646 RESA Law IRR

In a recent post about the latest list of real estate salespersons whose accreditation have been approved by the Professional Regulatory Board of Real Estate Service (PRBRES), I received a question asking "what's the difference between a real estate salesperson and a real estate broker?" Let me try … [Read more...]

Accreditation Of 1,086 Real Estate Salespersons Approved By The PRC/PRBRES

Updated on August 12, 2013 by 8 Comments
PRC logo

This should be welcome news to real estate salespersons out there who have been waiting for the approval of their accreditation. Through their website, the Professional Regulation Commission (PRC) announced yesterday the approval of the accreditation of a total of 1,086 real estate salespersons. … [Read more...]

Is BIR RR No. 10-2013 Favorable To Violators Of The RESA Law?

Updated on August 13, 2013 by 10 Comments
bir-logo

Some PRC-licensed real estate service practitioners (RESP's) believe that the newly-released Bureau of Internal Revenue (BIR) Revenue Regulations (RR) No. 10-2013 dated May 2, 2013 is favorable to violators of the RESA Law. But what exactly does BIR RR No. 10-2013 really say? … [Read more...]

PRBRES Releases February-March 2013 Real Estate Brokers/Appraisers Approved For Registration w/o Examination

Updated on August 19, 2013 by 6 Comments
PRBRES Logo

The Professional Regulatory Board of Real Estate Service (PRBRES) has released the February - March 2013 board resolutions for the approval of the registration without examination of Real Estate Brokers and Appraisers. These were posted in the official Professional Regulation Commission (PRC) … [Read more...]