CHECKLIST OF DOCUMENTARY REQUIREMENTS

SUBSTITUTION DUE TO FAILURE IN PAYMENT OF MONTHLY

AMORTIZATIONS (DEFAULT)

1. _______ Statement of Account of the defaulting member-beneficiary

certified by the Treasurer and/or President of the Community
Association

2. _______ Certified true copy of final demand letter to defaulting member-

beneficiary

3. _______ Notarized original/certified true copy of Board Resolution

attesting on the approval of the substitution

4. ______ Notice of Termination of Conditional Contract to Sell (CCS)

issued by the Community Association

5. ______ Acceptance Letter by the substitute member-beneficiary

6. ______ CA letter to Project Manager

Remarks: ____ Documents submitted

Complete/in order

_____ Partial submission only

Verified by: ____________________

ComRel Staff

____________________
Date

Note:

Processing of request shall only be

undertaken after submission of
complete documents