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mortagage by a foreigner

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1mortagage by a foreigner Empty mortagage by a foreigner Mon Mar 19, 2012 10:30 am

andresrizal


Arresto Menor

Good Day.

We have a former client who just got back here in the Philippines. He is already an American citizen and he wants to mortgage his house and lot here. Are there laws that prohibit foreigners to mortgage their properties? Will our Real Estate Mortgage document suffice?

Thank you.

2mortagage by a foreigner Empty Re: mortagage by a foreigner Sat Mar 24, 2012 12:26 am

attyLLL


moderator

if he is a former filipiono then he is still allowed to own the property

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3mortagage by a foreigner Empty Re: mortagage by a foreigner Sun Mar 25, 2012 6:52 pm

andresrizal


Arresto Menor

Therefore, he is allowed to mortgage his property? Is it proper to identify him as an american in the Real Estate Mortgage?

4mortagage by a foreigner Empty Re: mortagage by a foreigner Sat Mar 31, 2012 5:30 pm

attyLLL


moderator

put that he is also a former filipino

https://www.facebook.com/BPOEmployeeAdvocate/

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