Type of Bond : HEIRS BOND

Period of Bond : Two (2) Years

Amount of Bond : Amount of bank deposit left by the

deceased
Amount of the real estate property left by
the deceased
Amount of the approved loan (for loan
application/REM purpose)
Amount of Sale (subject TCT is subject to Sec4
Rule 74)

Obligee of the Bond : Depository Bank

Registry of Deeds
Bank/Mortgagee (REM)
Buyer

Documentary Requirements : A) INDIVIDUAL APPLICANT

-Duly accomplished application form (each heir
must fill-up an app. form)
-Valid ID of the applicant/heirs
-Extra Judicial Settlement
-Death Certificate
-Copy of Publication
-Affidavit of Publisher
- Copy of the TCT
- Loan Agreement (if the purpose of heirs bond is
for loan application/REM)
- Deed of sale (if property is on Sale)

B) CORPORATION/PARTNERSHIP
- Duly accomplished application form
- SEC Registration
- Latest Audited Financial Statement
- Extra-Judicial Settlement
- Death Certificate
- Copy of Publication
- Affidavit of Publisher
- Copy of the TCT
- Loan Agreement (if purpose of heirs bond is for
loan application/REM)
- Deed of Sale (if applicable)