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Good afternoon po. My husband and I bought a condo unit from a bank. We finished paying. We had problems in the condo and have not lived there. In turn, we were able to sell it another buyer. Now we need to do title transfers.
We requested the bank if they can execute the deed of absolute sale in favor of our buyer. Bank refused and executed deed of absolute sale in our favor.
Now, to avoid double transfer, we wonder if we can execute deed of assignment to assign/buyer. We understand we will pay another capital gains, another doc stamp, another transfer tax, but maybe we can the title transfer.
Is it possible to just transfer the title directly to his name in the register of deeds having all the deed of absolute sale, assignment, double taxes, etc? Is it deed of assignment or deed of donation?
Thank you very much.
We requested the bank if they can execute the deed of absolute sale in favor of our buyer. Bank refused and executed deed of absolute sale in our favor.
Now, to avoid double transfer, we wonder if we can execute deed of assignment to assign/buyer. We understand we will pay another capital gains, another doc stamp, another transfer tax, but maybe we can the title transfer.
Is it possible to just transfer the title directly to his name in the register of deeds having all the deed of absolute sale, assignment, double taxes, etc? Is it deed of assignment or deed of donation?
Thank you very much.
