Philippines  |  Real Estate Law

Legal Question

Asked on: 5/10/13, 1:14 pm

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


Answered on: 5/10/13, 8:44 pm by VOLTAIRE T. DUANO

Yes, you can sell it but you have to notify BDO.


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VOLTAIRE T. DUANO LAW OFFICE 9th Floor Suit 9N Future Point Plaza 3 No. 111 Panay Avenue, South Triangle, Que Quezon City, 1103

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Answered on: 5/11/13, 10:16 am by VOLTAIRE T. DUANO

Yes


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VOLTAIRE T. DUANO LAW OFFICE 9th Floor Suit 9N Future Point Plaza 3 No. 111 Panay Avenue, South Triangle, Que Quezon City, 1103

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