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Showing posts with label Real Property. Show all posts
Showing posts with label Real Property. Show all posts

Thursday, August 30, 2018

Why Do You Need To Convert Your Land Title To eTitle?

Buying real property can be considered among very important investments for an overseas Filipino worker (OFW) must have. having your own house and lot is a big accomplishment in a life of OFWs regardless of how big it is or its location or if you bought it cold cash or through a mortgage loan. To own a real property, it is important that you secure proper documentation. You need to be issued a land title as a proof of ownership. But what if your title was lost or damaged no matter how safe you keep it?
That is why the Land Registration Administration urges every Filipinos to enjoy the benefit and convenience of converting their paper land titles to electronic titles also known as the eTitle.

uying real property can be considered among very important investments for an overseas Filipino worker (OFW) must have. having your own house and lot is a big accomplishment in a life of OFWs regardless of how big it is or its location or if you bought it cold cash or through a mortgage loan. To own a real property, it is important that you secure proper documentation. You need to be issued a land title as a proof of ownership. But what if your title was lost or damaged no matter how safe you keep it? That is why the Land Registration Administration urges every Filipinos to enjoy the benefit and convenience of converting their paper land titles to electronic titles also known as the eTitle. Ads Sponsored Links The Philippine Embassy in UAE on Tuesday, August 28, encouraged overseas Filipino workers (OFWs) in the UAE to convert their physical copy of land titles to e-titles or the digital version of land titles. Under the Land Regulatory Authority’s (LRA) Land Titling Conversion Project, original titles in the Registry of Deeds are now stored in digital databases while the landowner’s duplicate copies of land title can now be converted to e-titles. In a video uploaded by LRA, physical copies of land titles are prone to get lost, production of multiple fake copies, fire, and other natural disasters that may damage the physical copies. Landowners will also no longer need to pay hefty fees in securing another copy of the land title when their duplicate copies are lost. Moreover, e-titles also have security features to further protect the legitimacy of the land title. Landowners need to bring their duplicate land title copies and other required documents to the Registry of Deeds or nearest satellite office. The LRA personnel will then compare the duplicate copy to the original copy stored in their database. Once validated, the physical copy will then be converted to e-titles for a minimal fee. The e-title will be available for pick-up after a few days. The Land Registration Authority has been implementing the Voluntary Title Standardization Program. It provides title owners the option to upgrade manually-issued titles to “eTitles”, which are issued by LRA’s new Computerized System. LRA’s Computerized System was developed as part of the agency’s Land Titling Computerization Project, which aims, among others, to: 1. Maintain on-line information on titles that is current, complete and accurate. 2. Maintain the security and integrity of records by safeguarding these from tampering or destruction and deter substitution or insertion of questionable data, in paper or digital form; and 3. Provide a system of timely detection and identification of fake land titles which will assist in the identification of persons responsible, therefore. How Do You Convert Your Land Title to eTitle? Bring your owner’s duplicate title and other required documents to the registry of deeds or the nearest satellite office. The LRA personnel will match the duplicate copy to the original to validate authenticity. Once validated, the conversion process of your manual title to eTitle will commence. And after a few days, your owner’s duplicate eTitle will be ready for pick-up–all for a price of a movie date. So start enjoying the convenience of a tamper-proof, destruction-proof, lost-proof original eTitle and the security of an owner’s duplicate eTitle. Start converting today!” Why do you need to convert your paper land title to eTitle? Both original and duplicate titles are made of paper and these can be faked, lost, or misplaced, or destroyed by wear and tear, fire, and natural disasters. The answer is land title conversion to eTitle. The LRA has embarked on the eTitling Conversion Project. Original titles in the Registry of Deeds Vaults are now digitzed and stored in the computer database while owners’ duplicate copy of title can now be converted to eTitles. eTitles are immune from the dangers paper titles are exposed to. Landowners are also spared from the expensive and tedious reconstitution process whenever the original titles are lost or destroyed. Ads With the use of technology, the eTitle now empowers the LRA to further improve its delivery of services. eTitles also address the risk management requirements of banks and other institutions. Convert your titles! While the LRA is doing its part, you must also do your share as a landowner. Filed under real property, investments, overseas Filipino worker (OFW), mortgage loan, land title, Land Registration Administration, Filipinos electronic title, eTitles

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The Land Regulatory Authority’s (LRA) urges everyone including the OFWs to convert their physical copy of land titles to the digital version of land titles or eTitles.



Under the Land Titling Conversion Project of the  LRA, original titles in the Registry of Deeds are now stored in digital databases while the landowner’s duplicate copies of land title can now be converted to e-titles.



The Land Registration Authority has been implementing the Voluntary Title Standardization Program. It provides title owners the option to upgrade manually-issued titles to “eTitles”, which are issued by LRA’s new Computerized System.



LRA’s Computerized System was developed as part of the agency’s Land Titling Computerization Project. 

Its aim is to maintain on-line information on titles that is current, complete and accurate. It is also designed to keep the security and integrity of records by safeguarding these from tampering or destruction and deter substitution or insertion of questionable data, in paper or digital form, and provide a system of timely detection and identification of fake land titles and to help identify the persons responsible.


How Do You Convert Your Land Title to eTitle?

Bring your owner’s duplicate title and other required documents to the registry of deeds or the nearest satellite office. The LRA personnel will match the duplicate copy to the original to validate authenticity.

Once validated, the conversion process of your manual title to eTitle will proceed. Your owner’s duplicate eTitle will be ready for pick-up after a few days.

By converting it to its digital version, you can enjoy a tamper-proof, destruction-proof, lost-proof original eTitle and the security of an owner’s duplicate eTitle.


Why do you need to convert your paper land title to eTitle?

 Because it is made of paper, physical copies of land titles are prone to get lost, faked, caught in a fire, and other natural disasters that may damage it. 
Landowners will also be spared to pay hefty fees in securing another copy of the land title when their duplicate copies are lost.



The e-titles also have security features to further protect the legitimacy of the land title.

Ads


With the use of modern technology, the eTitle now empowers the LRA to improve its delivery of services. eTitles also comply with the risk management requirements of the banks and other institutions. You do your share as a landowner while LRA does its part. Convert your titles now.
Filed under real property, investments, overseas Filipino worker (OFW), mortgage loan, land title, Land Registration Administration, Filipinos electronic title, eTitles
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What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
©2018 THOUGHTSKOTO
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Thursday, October 12, 2017

Hotel-like Condos Specially Made For OFWs, A Good Investment


Working overseas is not forever. Overseas Filipino Workers (OFWs) will eventually come home for good whether they like it or not, whether they are ready or not. It is either due to old age or caused by any untoward incident that may occur such as retrenchment, natural calamity or man-made crisis. No matter what happens, every OFWs has to be ready. They should start saving and investing even at the early stage of their OFW life. Investing in real property has been proven best by OFWs who has been successfully managed to come home for good and now harvesting the fruits of their hard work. It is an investment that will never be stolen. Whether it is a farm land, house and lot or condo units, your money will grow overtime as the value of real properties never go down unlike liquid assets like vehicles, appliances and gadgets. Read: Former OFW Earns P1 Million From Planting Corn. Sponsored Links {INSERT 2-3 PARAGRAPHS HERE} Today, condo units are gaining popularity when it comes to investment specially among the OFWs. Since they are now familiar to high rise living abroad, especially OFWs from Hong Kong , Taiwan and the Middle East where they in flats, plus the convenience of living in a hotel -like environment. Many OFWs choose to invest in condominium units. Ortigas & Co. has entered into a partnership with Hospitality Innovators Inc. (HII) in turning the Cirque, 55 units of fully furnished apartments, into a hotel-like condominium or serviced residence to bring own-to-lease units for Overseas Filipino Workers wanting to earn extra income while working abroad. The Cirque, which is intended for short-term and long-term stays of guests, attempts to “marry beauty and functionality” and targets tourists and returning OFWs looking for a staycation. It is located inside Circulo Verde, a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig. For OFWs based abroad or those who already migrated overseas and come to the Philippines occasionally for vacation, having a property like this, they will no longer need to stay at a hotel or anybody else's house but to a place they own. Whe they leave, they can earn more income by opening their unit for rent or lease. Read: How to Buy A Real Property Even When You Are Abroad? Priced between P4.9 million to P8.5 million, the Cirque also offers a range of dining, and leisure amenities such as the Hachi Dog Park and pet hotel and spa; the Bike Playground, the country’s first internationally designed bike park; and the Ninja Academy, a parkour and free-running facility. There are wide range of choices of condo units nationwide with various prices and locations. Investment opportunities are readily available for OFWs, all you need is the determination and will to engage. After all, it will be for the good of our loved ones. One day when we decided to come home after tiresome years of working overseas, we can count on our investments. the best time to decide and start is now. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO
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Working overseas is not forever. Overseas Filipino Workers (OFWs) will eventually come home for good whether they like it or not, whether they are ready or not. It is either due to old age or caused by any untoward incident that may occur such as retrenchment, natural calamity or man-made crisis. No matter what happens, every OFWs has to be ready. They should start saving and investing even at the early stage of their OFW life.

 Investing in real property has been proven best by OFWs who has been successfully managed to come home for good and now harvesting the fruits of their hard work. It is an investment that will never be stolen. Whether  it is a farm land, house and lot or condo units, your money will grow overtime as the value of real properties never go down unlike liquid assets like vehicles, appliances and gadgets.

 Read: Former OFW Earns P1 Million From Planting Corn.

Sponsored Links
Today, condo units are gaining popularity when it comes to investment specially among the OFWs. Since they are now familiar to high rise living abroad, especially OFWs from Hong Kong , Taiwan and the Middle East where they in flats, plus the convenience of living in a hotel -like environment. Many OFWs choose to invest in condominium units.


Ortigas & Co. has entered into a partnership with Hospitality Innovators Inc. (HII) in turning the Cirque, 55 units of fully furnished apartments, into a hotel-like condominium or serviced residence to bring own-to-lease units for Overseas Filipino Workers wanting to earn extra income while working abroad.

The Cirque, which is intended for short-term and long-term stays of guests, attempts to “marry beauty and functionality” and targets tourists and returning OFWs looking for a staycation. It is located inside Circulo Verde, a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig.
Working overseas is not forever. Overseas Filipino Workers (OFWs) will eventually come home for good whether they like it or not, whether they are ready or not. It is either due to old age or caused by any untoward incident that may occur such as retrenchment, natural calamity or man-made crisis. No matter what happens, every OFWs has to be ready. They should start saving and investing even at the early stage of their OFW life. Investing in real property has been proven best by OFWs who has been successfully managed to come home for good and now harvesting the fruits of their hard work. It is an investment that will never be stolen. Whether it is a farm land, house and lot or condo units, your money will grow overtime as the value of real properties never go down unlike liquid assets like vehicles, appliances and gadgets. Read: Former OFW Earns P1 Million From Planting Corn. Sponsored Links {INSERT 2-3 PARAGRAPHS HERE} Today, condo units are gaining popularity when it comes to investment specially among the OFWs. Since they are now familiar to high rise living abroad, especially OFWs from Hong Kong , Taiwan and the Middle East where they in flats, plus the convenience of living in a hotel -like environment. Many OFWs choose to invest in condominium units. Ortigas & Co. has entered into a partnership with Hospitality Innovators Inc. (HII) in turning the Cirque, 55 units of fully furnished apartments, into a hotel-like condominium or serviced residence to bring own-to-lease units for Overseas Filipino Workers wanting to earn extra income while working abroad. The Cirque, which is intended for short-term and long-term stays of guests, attempts to “marry beauty and functionality” and targets tourists and returning OFWs looking for a staycation. It is located inside Circulo Verde, a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig. For OFWs based abroad or those who already migrated overseas and come to the Philippines occasionally for vacation, having a property like this, they will no longer need to stay at a hotel or anybody else's house but to a place they own. Whe they leave, they can earn more income by opening their unit for rent or lease. Read: How to Buy A Real Property Even When You Are Abroad? Priced between P4.9 million to P8.5 million, the Cirque also offers a range of dining, and leisure amenities such as the Hachi Dog Park and pet hotel and spa; the Bike Playground, the country’s first internationally designed bike park; and the Ninja Academy, a parkour and free-running facility. There are wide range of choices of condo units nationwide with various prices and locations. Investment opportunities are readily available for OFWs, all you need is the determination and will to engage. After all, it will be for the good of our loved ones. One day when we decided to come home after tiresome years of working overseas, we can count on our investments. the best time to decide and start is now. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO
For OFWs based abroad or those who already migrated  overseas and come to the Philippines occasionally for vacation, having a property like this, they will no longer need to stay at a hotel or anybody else's house but to a place they own. Whe they leave, they can earn more income by opening their unit for rent or lease.
Working overseas is not forever. Overseas Filipino Workers (OFWs) will eventually come home for good whether they like it or not, whether they are ready or not. It is either due to old age or caused by any untoward incident that may occur such as retrenchment, natural calamity or man-made crisis. No matter what happens, every OFWs has to be ready. They should start saving and investing even at the early stage of their OFW life. Investing in real property has been proven best by OFWs who has been successfully managed to come home for good and now harvesting the fruits of their hard work. It is an investment that will never be stolen. Whether it is a farm land, house and lot or condo units, your money will grow overtime as the value of real properties never go down unlike liquid assets like vehicles, appliances and gadgets. Read: Former OFW Earns P1 Million From Planting Corn. Sponsored Links {INSERT 2-3 PARAGRAPHS HERE} Today, condo units are gaining popularity when it comes to investment specially among the OFWs. Since they are now familiar to high rise living abroad, especially OFWs from Hong Kong , Taiwan and the Middle East where they in flats, plus the convenience of living in a hotel -like environment. Many OFWs choose to invest in condominium units. Ortigas & Co. has entered into a partnership with Hospitality Innovators Inc. (HII) in turning the Cirque, 55 units of fully furnished apartments, into a hotel-like condominium or serviced residence to bring own-to-lease units for Overseas Filipino Workers wanting to earn extra income while working abroad. The Cirque, which is intended for short-term and long-term stays of guests, attempts to “marry beauty and functionality” and targets tourists and returning OFWs looking for a staycation. It is located inside Circulo Verde, a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig. For OFWs based abroad or those who already migrated overseas and come to the Philippines occasionally for vacation, having a property like this, they will no longer need to stay at a hotel or anybody else's house but to a place they own. Whe they leave, they can earn more income by opening their unit for rent or lease. Read: How to Buy A Real Property Even When You Are Abroad? Priced between P4.9 million to P8.5 million, the Cirque also offers a range of dining, and leisure amenities such as the Hachi Dog Park and pet hotel and spa; the Bike Playground, the country’s first internationally designed bike park; and the Ninja Academy, a parkour and free-running facility. There are wide range of choices of condo units nationwide with various prices and locations. Investment opportunities are readily available for OFWs, all you need is the determination and will to engage. After all, it will be for the good of our loved ones. One day when we decided to come home after tiresome years of working overseas, we can count on our investments. the best time to decide and start is now. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO
Priced between P4.9 million to P8.5 million, the Cirque also offers a range of dining, and leisure amenities such as the Hachi Dog Park and pet hotel and spa; the Bike Playground, the country’s first internationally designed bike park; and the Ninja Academy, a parkour and free-running facility.
Working overseas is not forever. Overseas Filipino Workers (OFWs) will eventually come home for good whether they like it or not, whether they are ready or not. It is either due to old age or caused by any untoward incident that may occur such as retrenchment, natural calamity or man-made crisis. No matter what happens, every OFWs has to be ready. They should start saving and investing even at the early stage of their OFW life. Investing in real property has been proven best by OFWs who has been successfully managed to come home for good and now harvesting the fruits of their hard work. It is an investment that will never be stolen. Whether it is a farm land, house and lot or condo units, your money will grow overtime as the value of real properties never go down unlike liquid assets like vehicles, appliances and gadgets. Read: Former OFW Earns P1 Million From Planting Corn. Sponsored Links {INSERT 2-3 PARAGRAPHS HERE} Today, condo units are gaining popularity when it comes to investment specially among the OFWs. Since they are now familiar to high rise living abroad, especially OFWs from Hong Kong , Taiwan and the Middle East where they in flats, plus the convenience of living in a hotel -like environment. Many OFWs choose to invest in condominium units. Ortigas & Co. has entered into a partnership with Hospitality Innovators Inc. (HII) in turning the Cirque, 55 units of fully furnished apartments, into a hotel-like condominium or serviced residence to bring own-to-lease units for Overseas Filipino Workers wanting to earn extra income while working abroad. The Cirque, which is intended for short-term and long-term stays of guests, attempts to “marry beauty and functionality” and targets tourists and returning OFWs looking for a staycation. It is located inside Circulo Verde, a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig. For OFWs based abroad or those who already migrated overseas and come to the Philippines occasionally for vacation, having a property like this, they will no longer need to stay at a hotel or anybody else's house but to a place they own. Whe they leave, they can earn more income by opening their unit for rent or lease. Read: How to Buy A Real Property Even When You Are Abroad? Priced between P4.9 million to P8.5 million, the Cirque also offers a range of dining, and leisure amenities such as the Hachi Dog Park and pet hotel and spa; the Bike Playground, the country’s first internationally designed bike park; and the Ninja Academy, a parkour and free-running facility. There are wide range of choices of condo units nationwide with various prices and locations. Investment opportunities are readily available for OFWs, all you need is the determination and will to engage. After all, it will be for the good of our loved ones. One day when we decided to come home after tiresome years of working overseas, we can count on our investments. the best time to decide and start is now. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO
There are wide range of choices of condo units nationwide with various prices and locations. 
Investment opportunities are readily available for OFWs, all you need is the determination and will to engage.
After all, it will be for the good of our loved ones. One day when we decided to come home after tiresome years of working overseas, we can count on our investments. the best time to decide and start is now.
Source: The Filipino Times
Working overseas is not forever. Overseas Filipino Workers (OFWs) will eventually come home for good whether they like it or not, whether they are ready or not. It is either due to old age or caused by any untoward incident that may occur such as retrenchment, natural calamity or man-made crisis. No matter what happens, every OFWs has to be ready. They should start saving and investing even at the early stage of their OFW life. Investing in real property has been proven best by OFWs who has been successfully managed to come home for good and now harvesting the fruits of their hard work. It is an investment that will never be stolen. Whether it is a farm land, house and lot or condo units, your money will grow overtime as the value of real properties never go down unlike liquid assets like vehicles, appliances and gadgets. Read: Former OFW Earns P1 Million From Planting Corn. Sponsored Links {INSERT 2-3 PARAGRAPHS HERE} Today, condo units are gaining popularity when it comes to investment specially among the OFWs. Since they are now familiar to high rise living abroad, especially OFWs from Hong Kong , Taiwan and the Middle East where they in flats, plus the convenience of living in a hotel -like environment. Many OFWs choose to invest in condominium units. Ortigas & Co. has entered into a partnership with Hospitality Innovators Inc. (HII) in turning the Cirque, 55 units of fully furnished apartments, into a hotel-like condominium or serviced residence to bring own-to-lease units for Overseas Filipino Workers wanting to earn extra income while working abroad. The Cirque, which is intended for short-term and long-term stays of guests, attempts to “marry beauty and functionality” and targets tourists and returning OFWs looking for a staycation. It is located inside Circulo Verde, a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig. For OFWs based abroad or those who already migrated overseas and come to the Philippines occasionally for vacation, having a property like this, they will no longer need to stay at a hotel or anybody else's house but to a place they own. Whe they leave, they can earn more income by opening their unit for rent or lease. Read: How to Buy A Real Property Even When You Are Abroad? Priced between P4.9 million to P8.5 million, the Cirque also offers a range of dining, and leisure amenities such as the Hachi Dog Park and pet hotel and spa; the Bike Playground, the country’s first internationally designed bike park; and the Ninja Academy, a parkour and free-running facility. There are wide range of choices of condo units nationwide with various prices and locations. Investment opportunities are readily available for OFWs, all you need is the determination and will to engage. After all, it will be for the good of our loved ones. One day when we decided to come home after tiresome years of working overseas, we can count on our investments. the best time to decide and start is now. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO

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Wednesday, October 11, 2017

How to Buy a House in The Philippines Even If You are Abroad


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Providing a good life and better future for the family is on the top of the lists of  priorities of an OFW and it includes having a decent and secured home for them. They look for real estate properties online for the best deals on their preferred location. Since real property is a good investment, many OFWs choose to secure their own house and lot. 
But do you know that you can buy your desired real property even if you are working abroad ?
If you already have the money and the desire to acquire a real property, you are reading the right article.

Buying a Property From a Developer

The first step would be to assign a trusted representative to act on your behalf; we call it SPA or Special Power of Attorney. In documentations, you will see it as Attorney-in-fact. This representative will sign all documents under your name and will probably do the leg work for all the requirements in the Philippines. 
It could be your parents or siblings if you’re single or your spouse if you are married. Your children can also act on your behalf if and only if they already reached legal age and already working. It is not advisable that you set your real estate agent or broker unless otherwise there is an absence of the entire immediate family or you have a secure connection or you are blood-related to them. 
Complete the registration or reservation process with your SPA and your chosen real estate agent. Working with a single real estate agent from the start would help you avoid confusions and any problems that may arise in the future. 
During reservation, your SPA should bring the following. 
  • Reservation Fee 
  • Buyers Information Sheet (should be under your name) 
  • Authorization Letter from you for your assigned SPA 
  • Your two valid Government Issued IDs’s with three specimen signatures 
  • SPA’s two valid Government Issued ID’s with three specimen signature 
  • Proof of Income (Scanned copy of your Job Contract or payslip) 
Check the reservation receipt issued to your SPA, make sure it is really under your name. 
You and your SPA will be given 30 to 60 days to complete all the documents required to secure your purchase.
The requirements that you need to prepare overseas are the following:

Consularized Special Power of Attorney (to be processed at the Philippine Embassy in the country you are in). 

Certificate of Employment with Compensation (if available)
Your current/active Job Contract (in English) 

Scanned copies of your Passport entries (up to the last entry)

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Buying a Property From a Reseller
Assign a trusted representative to act on your behalf, a SPA or Special Power of Attorney. They should be able to inspect the location and property for you. 
Choose the property you want to purchase. 
Make sure the seller could present to you the following; 
Land Title, Property Tax Declaration, and Vicinity Map. 

Secure a Certified True Copy of the Property Title of Ownership. Make sure that you are dealing with the owner listed in the property title itself. If he/she is a relative or a representative of the owner they should have the Authority to Sell. 
If the sale is final, your Attorney-in-fact will sign on your behalf (on your name). The Deed of Sale should be bearing your name and NOT the name of your representative. 



For purchases that prefer financing or under a housing loan, the financing institution like banks or PAG-IBIG Fund may request other documents from you to have the loan approved.

 What ever would be the nature of transaction, it is always best to take precautions. Deal only with legitimate sellers and developers.
Real property is the best investment. Instead of buying liquid assets like gadgets and apparel which the value defficiates overtime, it is wiser to put your money on the right investments. After all, working abroad will not last a lifetime. The OFWs should be ready when they decided to settle and go back home for good.

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Saturday, October 07, 2017

HLURB Warning To OFWs: Transact Only With Legitimate Developers When Buying A Real Property


What would you feel if you bought a house and lot with your hard-earned money with high hopes that it will be delivered on time? An OFW working in Qatar bought a house and lot in Lipa, Batangas under Raven Development and Holdings but to his dismay, the house is still not finish ans still without title after almost seven years since it has been bought. The OFWs brother, Noel has been negotiating with Raven Holdings and Land Development, Inc. to finish the construction of the said house. The OFW has already paid around almost P3 Million for the house in a house situated at Lipa, Batangas. Sponsored Links A complaint regarding the matter was reported to Housing and Land Use Regulatory Board (HLURB) and they've found out that Raven Holdings is not connected to their office. The developer also refused to issue any statement because the negotiations is still ongoing according the their lawyers, HLURB warns the public to be vigilant and make sure that the public is buying and transacting only with legitimate developers and brokers that offers real estate property. Source: ABS-CBN Advertisement Read More: ©2017 THOUGHTSKOTO

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What would you feel if you bought a house and lot with your hard-earned money with high hopes that it will be delivered on time but the developer failed?

An OFW working in Qatar bought a house and lot in Lipa, Batangas under Raven Development and Holdings but to his dismay, the house is still not finish  ans still without title after almost seven years since it has been bought.

The OFWs brother, Noel has been negotiating with Raven Holdings and Land Development, Inc. to finish the construction of the said house. The OFW has already paid around almost P3 Million for the house in a house situated at Lipa, Batangas.
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A complaint regarding the matter was reported to Housing and Land Use Regulatory Board  (HLURB) and they've found out that  Raven  Holdings is not connected to their office. The developer also refused to issue any statement because the negotiations is still ongoing according the their lawyers, 


HLURB warns the public to be vigilant and make sure that  the public is buying and transacting only with legitimate developers and brokers  that offers real estate property.Source: ABS-CBN
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