We are attempting to buy a house in Philippines from the USA. We found it the last day of our trip, and my wife's family could act as a representative but we'd like the title to go in my wife's name.
The deal is for a 50% downpayment, with the other 50% to happen in 1 year. Will we need to be present in philippines to transfer deed to her name? Anything else I should know? This is our first time to buy a house in philippines.
Who is generally responsible for lawyer fees? Is it normal to ask seller to split that cost?
What document do I need to give my wife's family the proper authority to finalize all documents upon our review/approval? Can the documents be notarized in the US and then sent to philippines instead of using a representative?
Thanks in advance.
The deal is for a 50% downpayment, with the other 50% to happen in 1 year. Will we need to be present in philippines to transfer deed to her name? Anything else I should know? This is our first time to buy a house in philippines.
Who is generally responsible for lawyer fees? Is it normal to ask seller to split that cost?
What document do I need to give my wife's family the proper authority to finalize all documents upon our review/approval? Can the documents be notarized in the US and then sent to philippines instead of using a representative?
Thanks in advance.