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May 6th, 2021 10:01 PM #1
Has anyone here sold their property thru Pag-ibig? Mine has already been appraised and is waiting for the result. They say that if approved, Pag-ibig will release a letter of guarantee to the seller and only receives payment after the buyer has transferred the title into it's name but mortgaged to Pag-ibig. My question is aside from the letter of guarantee, did you request for anything more from the buyer to assure the faithful implementation of the process?
I am simply uncomfortable handing out my title and having it transferred to the buyers name before getting paid.
Any advice mga ka-tsikot? Thanks
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