islanderrr

We are base in Los Angeles, and in Coron Palawan Philippines.  One of our objective is to help the people in Coron by bringing  tourist to the area.   

 

Providing Real Estate Solutions

 

It is the licensed and registered real estate brokerage with domestic flair. Our service is focused primarily, though not exclusive, at Palaweños who have settled and taken roots in the province, or temporarily working at nearby places – whether they’re selling, buying or leasing properties. Indeed our provincial, regional and national marketing reach and exposure allow us to provide our services effectively to all prospective clients, e.i. locals or foreigners who maybe interested in dealing with real estate. Our company is backed and managed by Filipino expatriates who have gained perspective through our life and work experiences.

 

Uncompromising excellence is our standard. With a strong ownership and management team, we provide our representatives with the best support and most productive working

Environments necessary to offer you first-class service. Our representatives comprise a team of highly skilled and experience individuals, dedicated to providing the highest caliber of service to our clients. As seasoned negotiators, we are committed to representing your best interests at all times.

 

The founding principle of our company has always been to take special care in “identifying” our customers needs and matching the right property to those needs at the Best price” and adhering to the principle of satisfying our customer’s needs.

 

These are the information how you can own a property in the Philippines

Right To Own Philippine Real Property

Non-Filipinos don't have the right to acquire real estate properties in the Philippines. The easiest way for a foreigner to acquire real estate properties is to have a Filipino spouse purchase the property. Having a Filipino partner is also another alternative when acquiring a property. Either both share the property with equal rights, or the partner owns 51% or more or the remainder is owned by the foreigner. Special visas are available for foreigners who want complete and total control of a property. (More information on special visas).

Only Filipino citizens and corporations (at least 60% Philippine-owned) are entitled to acquire land in the Philippines. As an exception to this rule, a foreign acquisition of a Philippine real estate is allowed in the following cases:

* Acquisition before the 1935 constitution.

* Acquisition thru hereditary succession if the foreign acquire is a legal or natural heir.
This simply means that when you’re married to a Filipino citizen and your husband/wife dies, you as the natural heir will become the legal owner of his/her property. The same is true for the children. Every natural child (legitimate or illegitimate) can inherit the property of his/her Filipino father/mother even if he/she does not any Filipino citizenship.
* Purchase of not more than 40% interest in a condominium project.

* Purchase by a former natural-born Filipino citizen subject to the limitations prescribed by law.

* Filipinos who are married to aliens who retain their Filipino citizenship, unless by their act or omission they have renounced their Filipino citizenship.

Owning of houses or buildings is possible as long as the foreigner does not own the land on which the house is build. The land can be leased by the foreigner on a long term contract, and the house can be legally his. (More information on foreign leasing).

New Dual Citizenship Laws Affecting Property Ownership
Dual citizenship means having two citizenships and passports from two different countries. Dual citizenship is now available for the following:

* Former Filipino citizens born in the Philippines, but have immigrated to another country and obtained citizenship of that country.

* A foreign spouse married to a Filipino citizen.

Dual citizenship allows the citizenship holder full rights of possession of Philippine real property. This is a new law and it is still unclear as to the procedures involved to implement it.



Foreigner Married to a Filipino Citizen

If holding title as an individual, a typical situation would be that a foreigner married to a Filipino citizen would hold title in the Filipino spouse's name. The foreign spouse's name cannot be on the Title but can be on the contract to buy the property. In the event of death of the Filipino spouse, the foreign spouse is allowed a reasonable amount of time to dispose of the property and collect the proceeds or the property will pass to any Filipino heirs and or relatives.

Foreign Leasing of Philippine Real Estate Property

A foreign national and or corporation may enter into a lease agreement with Filipino landowners for an initial period of up to 50 years, and renewable for another 25 years.



Taking Title to Philippine Real Estate

a.. The "Deed of Sale" is the document showing legal transfer of real estate property ownership. The deed of sale is then taken to the Registry of Deeds to be officially recorded. "Tax Declarations" are sometimes used but are not very enforceable in court because there may be many others with a tax declaration claiming ownership to the same property. A property may be titled by taking the Tax Declaration to the Registry of Deeds to process to be officially titled. Always purchase property with a proper deed of sale if possible, and if there is not one, a tax declaration is your last choice. Owners must be active in enforcing their property rights. Possession is 90 percent ownership. If the property owner can only show a tax declaration as an evidence of ownership, that means the land is untitled and not registered under the Torrens system, the buyer will not get as much protection, as his title will not be absolute and can yield to one who has a better right, like the person actually possessing and occupying or tilling the land, and who subsequently applies for the titling of the land in his name. It is possible for two or more tax declarations issued to different persons with exactly the same technical description, or referring to the same property.