Process of finding out the valuation of the land


Assignment task:

1. Mario, a widower, died without a will. He was succeeded by his three daughters namely, Maricar, Marimar, and Mary. The daughters approached you and asked for a step-by-step procedure with explanation, what documents are needed, how to execute them, etc., on how to transfer the title of the property in their names. What advice will you give?

2. Mary, the youngest of the siblings, told her sisters that she is not interested in the property. Instead, she wants her share to be bought out. She asked you about the process of finding out the valuation of the land and how much her share is worth. What advice/answer will you give?

3. Maricar and Marimar agreed to buy out Mary. Maricar then donated her share to Marimar. She executed a deed of donation and paid the required fees under the law. Marimar then decided to renovate the house but her financial situation prevented her from doing so. She asked you about the process of applying a housing loan in PAGIBIG, the documents required, etc. What advice will you give?

 

 

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