Register of Deeds

Act 4118 – Act 3135 as amended and governs extrajudicial foreclosures

by Jay Castillo on December 21, 2009 · 6 comments

in Act 3135 - Extrajudicial foreclosures, Act 4118 - Amendment to Act 3135, Real Estate Laws

As mentioned in my previous post which contains the full text of Act No. 3135, I am posting here Act No. 4118 which amends the original Act 3135. However, after reading the contents of Act No. 4118, I am inclined to believe that the full text of Act 3135 which I shared in my previous [...]

What is Transfer Tax?

by Jay Castillo on August 11, 2009 · 29 comments

in Transfer Tax

A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% of 1% (75% of 1% in the case of cities and municipalities within Metro Manila) of the total consideration involved in the acquisition of the [...]