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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. |
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The information above has been obtained from
sources believed reliable. While we do not doubt its accuracy
we have not verified it and make no guarantee, warranty or
representation about it. Everyone is advise to
independently confirm its accuracy and completeness. Any
projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future
performance of the property. The value of this transaction to
you depends on tax and other factors which should be evaluated
by your tax, financial and legal advisors. You and your
advisors should conduct a careful, independent investigation
of the property to determine to your satisfaction the
suitability of the property for your needs. |