INITIAL PAPERS/LEGAL CHECKLIST (DUE DILIGENCE)

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Property Address:

Inspection Date: , 20_____

ENTRY INSTRUCTION

What is the market value? ASK FOR A SURVEY

Is the Seller’s Offer Lower than the Market Value?

Is the title under the Seller’s Name? CHECK THE TITLE

Is the Title the same as the Certified True Copy? CHECK WITH THE REGISTRY OF DEEDS
Is there something written on Encumbrances part of the
CHECK WITH REGISTRY OF DEEDS
Title (CERTIFIED TRUE COPY)?
No Bank-financing/mortgage history? If there is, is there a
cancellation of mortgage? Or does it reflect on the Certified CHECK WITH REGISTRY OF DEEDS
True Copy of the Title?
Ask for Certified True Copy of Tax Declaration for Lot and
Land, Certificate of Latest & Existing, IF LOT ONLY CHECK WITH REGISTRY OF DEEDS
(Certificate of No Improvement)
Ask for Tax Clearance, if not fully paid ask for BILLING &
Ask seller to fully pay it before the closing or negotiate for CHECK WITH REGISTRY OF DEEDS
price reduction.
CHECK WITH THE HOA OFFICE/OFFICER or
If Subdivision, is there a Certificate from Home Owners
ASK THE SELLER IF HE/SHE HAS A LATEST
Association for monthly dues or Latest Receipt?
COPY
ASK THE SELLER IF HE/SHE HAS THE LATEST
Are the latest utility bills fully paid?
BILL
Did the owner provided at least (2) Valid IDs? ASK THE SELLER

What is the Crime Rate of the area? NEAREST POLICE STATION

Is the property/owner clear from any Barangay Blotter? CHECK WITH BARANGAY HALL