Open Deed of Sale Questions

[_Qwerty_]

pag repo dapat may deed of sale sa bank and yung bumili sa banko.. then may release of chattel din dapat.. mas maganda kung nailipat na nung bumili sa pangalan nya..

[Tha_Mann]

pa ride na lang dito.

yung Deed of Sale ba, need notarized bago kumuha ng HPG clearance? may mga DOS kasi na nde pa notarized, pero sabi valid naman yun? saka once notarized, may expiration date ba yun na kelangan mai-transfer na kaagad sa buyer yung car ?

[dr. d]

pa ride na lang dito.

yung Deed of Sale ba, need notarized bago kumuha ng HPG clearance? may mga DOS kasi na nde pa notarized, pero sabi valid naman yun? saka once notarized, may expiration date ba yun na kelangan mai-transfer na kaagad sa buyer yung car ?

the open DOS is pre-signed by the legal owner who sold it.
but the buyer's name and details, still have to be filled in.
the DOS is notarized only after the other blanks are filled in.

even if chpg might honor it, lto does not honor non-notarized DOS.
so why prolong the agony?

but i do not understand how it can be honestly notarized, when the notary reads "...before me appeared...both signatories..".

i suppose, it passes for legal fact, because no one among the signatories, will come forth and testify to the contrary...

the DOS does not expire.
but folks are mindful that the IDs presented, are not expired at the time of fixing the documents.

[_Qwerty_]

basta may valid govt ID ino notarize yan.

[Tha_Mann]

the open DOS is pre-signed by the legal owner who sold it.
but the buyer's name and details, still have to be filled in.
the DOS is notarized only after the other blanks are filled in.

even if chpg might honor it, lto does not honor non-notarized DOS.
so why prolong the agony?

but i do not understand how it can be honestly notarized, when the notary reads "...before me appeared...both signatories..".

i suppose, it passes for legal fact, because no one among the signatories, will come forth and testify to the contrary...

the DOS does not expire.
but folks are mindful that the IDs presented, are not expired at the time of fixing the documents.

thanks for the detailed explanation, doc! very helpful info.

[_Qwerty_]

follow up question on DOS notarization.. how much does your suking Notary Public charges? Is it true that it's a percentage of the amount in the DOS? or should it be fixed?

[chronicle]

follow up question on DOS notarization.. how much does your suking Notary Public charges? Is it true that it's a percentage of the amount in the DOS? or should it be fixed?

Yup. Percentage.
I asked the buyer to shoulder it as part of its tawad.

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[yapoy86]

Yup. Percentage.
I asked the buyer to shoulder it as part of its tawad.

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Minsan 1 peso per thousand.. so kung 200k yung bentahan 200 pesos notaryo

[chronicle]

Minsan 1 peso per thousand.. so kung 200k yung bentahan 200 pesos notaryo

Sa pinuntahan namin, umabot ng thousand.

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[_Qwerty_]

ilang percentage? may mga pinagtanungan ako na hindi dapat %.. dapat daw fixed 450.00 lang..

Yup. Percentage.
I asked the buyer to shoulder it as part of its tawad.

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