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Free Legal Advice Philippines » FREE LEGAL ADVICE » BUSINESS AND TRADE » Need Advice on selling a mortgage multicab

Need Advice on selling a mortgage multicab

3 posters

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ZenLo_da


Arresto Menor


Multicab rusco suzuki po yung samin na hinuhulugan pa at gusto na namin ipasa sa iba.

Sapat na po ba ang Deed of sale with assumption of mortgage then inform namin yung financing company? mga ID at ano pa po ang kailangan para di kami habulin ng rusco motors tarlac?

xtianjames


Reclusion Perpetua

unahin nyo muna contactin yung financing company at tignan nyo kung papayag sila. technically sa financing company yan sasakyan hanggat di nyo pa bayad yan kaya wala kayo karapatan ibenta. kung papayag si financing company na ilipat yung loan sa pangalan nung bibili eh wala problema.

ZenLo_da


Arresto Menor

Di po ba sapat na yung deed of sale with assumption of mortgage kasi para pag natapos na nila yun sila na papalipat sa pangalan nila?

ZenLo_da


Arresto Menor

ZenLo_da wrote:Di po ba sapat na yung deed of sale with assumption of mortgage kasi para pag natapos na nila yun sila na papalipat sa pangalan nila?
at di na kami ang hahabulin ng financing company? pero try po din namin tanungin sa kanila para sure, nagbackout naman yung kausap ko eh wala pa kami kadeal

xtianjames


Reclusion Perpetua

hindi po enough yun kasi nga hanggat naka mortgage yun sasakyan, si financing company ang legal owner nun so hindi valid yung deed of sale na issue mo. tsaka kung magka problema sa di pagbabayad ng mortgage ni buyer, ikaw parin ang hahabulin ni financing company since ikaw ang naka pangalan sa loan. di nila kikilalanin yung documents ng transaction.

ZenLo_da


Arresto Menor

ah sige po thanks, papaaalam ko muna sa financing company

Jadis

Jadis
Reclusion Perpetua

You cannot assign your obligation to another without the consent of the creditor. I am sure there is a clause to that effect in the original agreement if that financing company is worth its salt.

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