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Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » Problem to get Title of fully payed house memorandum of encumbrances

Problem to get Title of fully payed house memorandum of encumbrances

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Tabellanosa


Arresto Menor


We had our house fully paid on 03-03-2010 from a development corporation and PNB attach a memorandum of encumbrances on August 4 2010. On that time the house was already fully paid.
From then we being send back and fort and I really like to know what can we do to get this title clean we like to sell it and we are not able to for many years now.

betchay001


Reclusion Perpetua

Fully paid from the developer on 3-3-2010? Why did PNB attach a memorandum of encumbrance on the property if it's fully paid?

Get a cancellation of mortgage from PNB and have it annotated on your title.

Tabellanosa


Arresto Menor

Yes we fully paid and have the official written, you men I can request that at the PNB head office?
or do I need to do that with a lawyer.


Thanks so much

betchay001


Reclusion Perpetua

No need to get a lawyer. If the loan is fully paid for, the bank will issue a signed cancellation of mortgage which you will notarize and annotated.

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Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » Problem to get Title of fully payed house memorandum of encumbrances

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