i own a condo unit in philippines the total price is about 2.1 million and i still have a remaining loan of 1.8 million on the bank called BDO its only been 1 year only , now i wanted to sell it to have my 300000 back. is this possible? if so HOW? will they take interest on how much i can sell it? i will probably sell it to get my 300000 back and the buyer will continue my loan on BDO? THANK YOU
2 Answers from Attorneys
Yes, you can sell it but you have to notify BDO.