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Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » real state foreclosure - forfieted payments

real state foreclosure - forfieted payments

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daverhi21


Arresto Menor

we buy a house in laguna, installment basis payable in 10years. after 2 years, we can afford to pay the developer anymore. can we refund our payment and cancel the contract?

jekz

jekz
Prision Mayor

Yup, read R.A. 6552 Maceda Law

http://citylivingph.net/

daverhi21


Arresto Menor

With regards to the previous post. We went to the developer office to proposed that we will cancel our contract to them. And surprisingly, we found out the the contract to sell was not sign by us and the developer. Does it mean that we can refund all the payment we made since there is no legal band between us and the developer? Thank you!

jekz

jekz
Prision Mayor

You didn't sign a Contract to Sell ? , kahit di ka nag sign you have the rights to refund not exceeding 90% (Based on Maceda Law Section 3 (A), proof of ownership your official receipts

http://citylivingph.net/

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Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » real state foreclosure - forfieted payments

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