I would like to inform everyone that Ramil Alquileta is no longer connected with us and ForeclosurePhilippines.com, effective September 1, 2012.
For those who don’t know, Ramil Alquileta used to be a co-broker for a number of listings of foreclosed properties, but due to recent developments* brought to our attention, we have decided to move-on, and we have also removed any reference to him in ForeclosurePhilippines.com.
*No, it’s not because he created his own website about foreclosed properties, I couldn’t care less about that. I want to make that very clear. It’s obvious however that we don’t want to be associated with him in any way henceforth.
With that said, I would like to make it clear that neither we (Jay Castillo and Cherry Castillo), nor ForeclosurePhilippines.com, have anything to do whatsoever with Ramil Alquileta.
We decided to release this notice to the public to avoid any confusion and circumstances where people might decide to work with him because of a perceived continuing business relationship with us and ForeclosurePhilippines.com.
Please be guided accordingly.
To Seventh – You should change your strategy. Don’t show them you LOVE the property. Show them you’re really Not that interested, because you have other options looking for a similar property. It’s just that theirs is your 1st option. If it doesn’t work out,…Fine!
Since you are the Buyer, then they should provide Your requirements.
Tell them you will only put any money once there is a ‘clean’ title. No Clean Title, No money….if they produce one, then you get a real estate lawyer to assist you in putting together the purchase contract, etc. And the signing should all happen in the bank.
You know the caveat – Buyer Beware….So be brave and be a smart buyer….Remember thats your hard-earned money.
If they give you a run-around, don’t waste your time. Drop it and really look for another one…..Maybe it’s not for you. Sometimes, you have to pray if it’s yours, then you will get it without any hitches.
In addition to my query above, the husband is now asking for 5th earnest money since he claimsif check will be under the name of aunt, they will have a problem with the fees of the new spa to be executed by a philippine consulate in california. I could email you my real name and celphone if needed. Thank you.
It’s best if you have a lawyer assisting you in crafting your agreements/contracts especially something as complicated as this one.
You can get the Aunt’s name by checking the title. Ask for the title number if they don’t have the original copy of the title. Then check with the Register of Deeds. Or as you said, go ahead and check with the homeowner’s association.
If you make an earnest money, it should come with an earnest money agreement (or contract to sell). But before you give the earnest money, the SPA should be valid. Why would you enter into an agreement with someone who is not the owner or their legally designated representative. It’s their responsibility to keep it valid not yours.
Hi Mr. Castillo, I would like to make an urgent query regarding earnest money. Recently I have decided to buy a house from a couple who lives at a village in the south. We agreed to meet on November 22, 2012 in front of a bank manager in Pasay City. I was suppose to get the house thru bank loan. The wife thought I had cash and she was claiming the house was on clean title. When I was asking for a copy of tct and tax receipts for bank loan application purposes, she was asking for earnest money that is allowable acccording to her claim. I was afraid to be duped that’s why I asked her how much. She said its quite a small sum. I ended up talking to her husband and he asked for 5th then I asked if 3th is ok in which he agreed, the amount which is to be deducted from tcp or if the selling won’t push thru everything would be non refundable. Actually I am not amenable to that since 6 diff banks has warned me against such. wife was claiming that Bpi advised them that’s ok. When husband learned that the bank will only issue the check to the original tct owner who is in california, he called me and said that earnest money should be increased due to new spa that will be issued in the US by their aunt and he is not sure if the current spa he has has additional annotation that he could encash the check. My question is how will I handle this situation since to be honest I like their house though I felt their trying to gain money from me. I had their credentials checked from the clubhouse of their village (they have not paid for 16 months amounting to P8th and that the real owner is a certain xxxxxx) This is their aut who lives in the US.
Can I demand from them their aunt’s name (yung galing sa kanilang bibig and not from clubhouse) I am planning to call their aunt long distance para malaman ko na di nila ninanakaw yung property straight from her mouth. Thanks.
properly noted, sir jay! Thank you for this notice.
You’re welcome Lance, thank you also for dropping by!